Receiving an inheritance can significantly change your financial situation. Whether the inheritance is large or modest, it often affects assets, income expectations, and long-term planning goals. Because life insurance is tied closely to financial need and risk, receiving an inheritance is an important reason to review existing coverage and determine whether adjustments are appropriate. An … Read more
Life insurance and estate planning are closely connected. As estate planning goals evolve, life insurance policies often need to be reviewed and adjusted to ensure they continue to support those objectives. A policy that once focused on income replacement may later serve purposes such as wealth transfer, tax planning, or providing liquidity to heirs. Reviewing … Read more
As retirement approaches, the role of life insurance often changes. While income replacement during working years is a primary focus earlier in life, retirement planning shifts attention toward protecting assets, supporting a surviving spouse, and ensuring long-term financial stability. Updating life insurance policies as part of retirement planning helps align coverage with new goals, timelines, … Read more
Term life insurance is designed to provide coverage for a specific period, while permanent life insurance is intended to last for a lifetime. As financial goals and personal circumstances change, converting a term policy to permanent coverage can become an important planning decision. Understanding when and why to convert helps ensure long-term protection remains in … Read more
Life insurance riders are optional features that modify or enhance a policy’s coverage. While riders are often added at the time a policy is purchased, their relevance can change over time as financial needs, health, and family circumstances evolve. Reviewing policy riders periodically ensures that your life insurance continues to provide the right type of … Read more
Health changes are one of the most important—and often most misunderstood—reasons to review a life insurance policy. While many people associate health primarily with qualifying for coverage, changes in health can also influence whether existing coverage remains sufficient, flexible, or properly structured. Reviewing life insurance after a health change helps ensure your policy continues to … Read more
Paying off major debts is a meaningful financial milestone. Mortgages, student loans, auto loans, and personal debts represent long-term obligations that life insurance is often designed to cover. When these debts are eliminated, it is a natural time to review your life insurance policy to determine whether coverage still aligns with your financial situation. While … Read more
A change in career is one of the most overlooked reasons to review a life insurance policy. While job changes are often associated with income, benefits, and retirement plans, they also affect life insurance needs in meaningful ways. Whether a career change increases income, reduces stability, or alters benefits, life insurance coverage should be reassessed … Read more
Life insurance coverage should reflect not only who depends on you, but also the financial commitments tied to your income. As new financial obligations arise, coverage that once felt sufficient can quickly become inadequate. Reviewing and adjusting your life insurance policy after taking on new obligations is essential to ensure those commitments do not become … Read more
Life insurance is designed to protect the people who rely on you financially. As your family situation changes, the list of individuals who depend on your income and support may also change. Adding or removing dependents from a life insurance policy is a common and important reason to review and update coverage. Failing to make … Read more