September is a good time to spend a little time thinking about your life insurance since it is Life Insurance Awareness month. Many people are not aware that significant life changes can directly affect your life insurance needs. If you or anyone in your household has experienced a “major” life event recently, it’s a good idea to revisit your life insurance.
While not an exhaustive list, here are eight situations that would warrant a review of your life insurance policy:
- You’d like to review or change your beneficiaries
- You married or divorced
- You welcomed a child into your family
- Your children have moved out and are on their own
- You started a new job or a business
- You’ve taken on debt (like a home equity loan)
- You received a medical diagnosis that may require costly treatments
- You purchased a home
If you have any questions about your coverage and would like a review, don’t hesitate to reach out to us and we will walk you through the options.