Consider Your Life Insurance Coverage

Life changes. When it does, your insurance probably should, too.

New Debt  
Buying a new home, refinancing or making a big purchase can all increase financial responsibilities.

Marriage  
Newlyweds typically want to make sure a surviving spouse will be able to pay the bills and send the kids to college.

New Baby  
Each new child—whether through birth, adoption, or marriage—increases the family’s financial and caregiving responsibilities.

Retirement  
Life insurance can help with final expenses, create an income-tax-free inheritance, or replace lost income from the deceased spouse’s Social Security or pensions.

Divorce
Even when emotional ties are broken, some financial obligations cannot be dissolved. Life insurance can help replace alimony or child support, or help pay for childcare if the primary caregiver dies.

Promotion  
Coverage may need to be increased to match a new, higher salary.

Job Change
A new policy may be needed to replace or supplement coverage that is lost after leaving an employer.