Life insurance can be one of the most important financial protection tools for you. Yet as of 2021, 102 million adult consumers lack sufficient coverage. When did you last speak with your partner/spouse about your life insurance needs? Your lives may be quite different today compared to when you first purchased life insurance. So, chances are your life insurance needs have evolved as well. You may have coverage gaps and could benefit from a policy review. These include those who:
– Recently got married
– Gave birth or adopted
– Purchased a home
– Recently received a promotion
– Are ready for retirement
And that’s not all. Others with a needs gap might be those with:
– College-bound children
– Elderly parents who may become your dependents
– Concerns around becoming chronically ill during retirement
– A change in your financial obligations or goals