But life is not static, and circumstances do change. Major life changes such as marriage, the birth of a child, the purchase of a new home, or even an increase in salary can shape how much financial protection you and your family needs.
Even if a year goes by without any major life events, it’s still a good idea to review your coverage. The amount of your life insurance coverage should be sufficient to meet the current obligations and future needs of your loved ones. If you have taken advantage of historically low interest rates and recently refinanced, make sure you have enough coverage to satisfy your new loan obligations. If you’re single, consider the cost of a funeral, outstanding medical bills, credit card balances and ongoing financial assistance for elderly parents who may be dependent upon you.
And while you're reviewing your coverage, it's also a good idea to confirm that your current beneficiary elections are still accurate.
If you're uncertain whether your current coverage is meeting your family's needs, contact us for a needs analysis to provide you the peace of mind that your family will be taken care of should the worst happen.
Please call today for a review of your Life Insurance Program, 314-351-HALO(4256)