Life Insurance and when to review it.
Times to Review Life Insurance
Your life insurance often needs to change as your life changes. That’s why you’ll want to schedule a life insurance review after a major life event. Life events that should trigger a review of life insurance include:
- Getting married
- Getting divorced
- Buying a house
- Having or adopting a baby
- Accepting a new job
- Receiving a substantial raise or promotion
- Taking out a mortgage or other loan
- Refinancing your home
- Paying off your mortgage
- Buying a business
- Selling a business
- Receiving an inheritance
- Having a loved one require long-term care
- Becoming disabled
- Becoming an empty nester
- Experiencing a death in the family
- Retiring