After you obtain a standard or whole life insurance policy, don’t forget to check the coverage from time to time. Because as the years go by, life and your family’s financial needs change, so you should review your policy once a year or at any major life change, such as a child’s birth.
Review your whole life insurance or standard life insurance policy
There are many reasons why you should review your standard or whole life insurance policy– here are just a few:
- Birth of a child
- Birth of a grandchild
- Death in the family
- Retirement for spouse
- Child’s education
- Child’s marriage
- Inheritance for children/grandchildren
- Pay off mortgage
- Health issues
- Cost of living increases
Even though your coverage will change from time to time, you should always keep a term or whole life insurance policy. Even if it’s an inadequate policy, a policy is better than none at all. On the other side of things, as you pay off your mortgage, your children graduate from college, and more, your policy should be set for a high financial coverage which would insure your spouse and loved ones an easier retirement and life.
So protect your family’s financial security! Get your FREE whole or term life insurance quote online TODAY! (For an online form, click here). Use our online life insurance form and you will receive a response within one to two days from a licensed insurance professional in your area. (For the online form, click here).