Reassess Your Coverage: End-of-Year Life Checkup

The end of the year offers a reflective moment for many of us. As the holiday season arrives and open enrollment beckons, it’s an ideal time to reevaluate your life insurance needs. Life changes can render your old policies obsolete, and your priorities might have shifted, often without conscious notice. Let's explore why an annual life insurance review should be on your checklist.

Key Moments for Reassessment

• New Financial Obligations: If you've bought a home or taken on significant debt, your insurance coverage may need to adjust accordingly.
• Family Changes: Events like getting married, divorced, or welcoming a child or grandchild can significantly impact your insurance needs.
• Career Shifts: A new job, promotion, or retirement are pivotal times to reassess your policy to fit your current lifestyle.
• Health and Income Changes: Fluctuations in health or income, or shifts in your long-term financial goals, can also necessitate a policy reevaluation.
• Estate Planning: Updating beneficiary designations or your estate plan ensures that your insurance aligns with your wishes.

Taking the time now to ensure your life insurance meets your current needs can provide peace of mind, knowing that your coverage matches your life circumstances. Don’t wait until the new year; take a proactive approach and schedule a coverage review today. It’s a supportive process designed to make sure you're fully covered.