Let’s be honest, life is frequently changing, especially this year, and so it’s advisable to review your life insurance coverage on a semi-regular basis.
It may be the case that years have passed and nothing has changed, however, it’s still worth being sure!
Did you know that you will need to reassess your life insurance needs due to these events:
- Buying your first home or moving to a different property;
- Getting married;
- The birth of a child or grandchild;
- Changing jobs;
If you have children, you may think that your current plan is enough to cover current childcare costs, but it’s also worth considering future costs that may be incurred such as university tuition fees or even learning to drive.
Covering large debts, your mortgage for example, is important to consider so your family doesn’t have to face this financial burden.