Life Insurance needs change as our lives change. Long term Financial Planning should be reviewed annually. Marriage or divorce, Job change, Purchasing a new home, Taking out a loan with co-signer or Having a baby are events which may impact your future financial plans and are a perfect time for review.
Proper coverage can provide for the unexpected or unplanned expenses when a loved one passes away. Unlike mortgage insure which pays out to the lender while Life Insurance pays out to the policy holder. Expenses such as paying off a mortgage, other loans, credit card debt, buying out a business partner, covering funeral expenses are a few examples.
Life Insurance & Financial planning