Author: Dave Boike, Retirement Resources
A list of common life changes to review with your insurance professional:
- The birth or adoption of children or grandchildren
- Marriage, separations or divorce
- Changes in you or your spouse's employment situation
- The purchase of a new home, or the unfortunate loss of a home
- Refinancing a home or exploring reverse mortgages
- Serious changes in your health or that of your spouse
- The long-term care needs of family members
- The need to provide financial, health care, or other assistance to a parent
- Your current retirement-savings status
- Receiving an inheritance or a financial gift
- Any new tax or estate-planning concerns
With all this in mind, when you meet with your insurance professional, you'll be better prepared to confidently address your life insurance needs while providing him or her with the facts needed to determine how much and what kind of coverage would be best for you... and for your family.
