Do I need life insurance coverage?

Life insurance serves different purposes throughout various stages of your life. Your need for coverage depends on your individual needs, desires, and circumstances. For example, in your early years, life insurance can provide financial protection for your loved ones should the unexpected occur. As you transition through major life events—such as marriage, starting a family, or purchasing a home—your insurance needs may change to reflect new responsibilities. In your later years, life insurance may help with legacy planning and ensuring financial security for your heirs. By evaluating your current situation and future goals, you can determine the right level of life insurance coverage for each stage of your life.

Key Stages of Life Insurance Coverage

• Early years
• Managing life’s transition
• Later years

Should I Apply for Additional Life Insurance?

Many employers offer life insurance as part of their benefits package, but this coverage may not be sufficient to fully protect your loved ones or meet your long-term financial goals. Considering an individual life insurance policy in addition to your employer-provided coverage can offer extra security and flexibility, ensuring your needs are met at every stage of life.

Benefits of an Insurance Review

• Do I have the right kind of insurance coverage?
• Do you have adequate life insurance coverage?
• Do you want to provide for specific children?
• Are you paying a fair price for your insurance coverage?
• Do you have an interest in charitable giving?
• Do you have intentions of leaving certain assets to certain heirs?
• Have you planned for potential estate tax implications?
• How is your buy-sell funded? (if applicable)
• Do you need long term care insurance?