Buying life insurance gives you the peace of mind knowing that your family will be financially protected if something happened to you. But your policy isn’t a “set it and forget it” product. It’s not something you are thinking about on a regular basis, so it can be easy to forget. Out of sight, out of mind, right?
After purchasing a life insurance policy, it should be reviewed every few years and especially after any major life changing events. Just as our life changes, our life insurance needs change.
» Calculate: Life insurance needs calculator
Here are seven common events in which you may want to review your policy to ensure you have adequate life insurance coverage.
1) Marriage or Divorce
Getting married soon? Now that your family is growing and you will be sharing finances with another person, your life insurance needs may change. Many