It’s a good idea to review your life insurance arrangements after every major life event.
Ensure your long-term goals with life insurance to protect your family in the event of your death. Your life insurance needs will likely change as your life and circumstances do. For example, if you are raising children and saving for the future, this could be when you need the most coverage. Once your children are grown and are financially independent, or you retire, you may not need as much life insurance, so you may choose to reduce your level of coverage.
What should you know?
