If you have
life insurance, several things could happen in your life that could warrant a review
of your current policy. Insurance is designed to protect your family against
any possible, future risks. It is important to obtain the have the best
coverage in place against foreseeable and unforeseeable events.
The following are the significant events that require a review of your
life insurance policy:
Family life events. Whether it’s birth, death, marriage or divorce, it makes sense to
review your life insurance coverage after these family-related events occur.
Change in financial situation. If you lost your job, then there is a chance you may lose your life insurance
as well. You can switch a whole life insurance plan to a term plan, which
protects you for a certain period of time and generally pays a benefit
in the event of your death.
Tax law changes. If you end up having a taxable estate, life insurance can resolve that issue.
Retirement. If your retirement plan is successful, you will have enough money not
to have life insurance anymore. However, if your spouse wouldn’t
have enough income, if you were to pass away after you retire, then you
may need more life insurance.
Once every couple of years. Many of these events are quite impossible to predict. So it is wise to
take a look at your life insurance coverage twice a year to be on the
If you are interested in our life insurance policies,
contact Insurance Specialists, Inc. and speak with our staff to discuss all of your available options.