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How often should I review insurance coverage?

June 1, 2015 | Articles

Your life changes over time. Your financial plan should change, too.

Starting a family, getting married, buying a home, single again, new job? A life event is an important time to re-visit your financial plan to make sure that what you have in place is still everything you need now and in the future. Consider one piece of the plan – insurance coverage.

All too often, people’s lives change while their life insurance coverage remains the same. Our Manager of Insurance Services Roxie Muñoz, CLU®, FLMI suggests reviewing your policies periodically but especially when you have…

  • Purchased a new home
  • Got married /divorced / remarried
  • Welcomed a new child (or more) to your family
  • Had a change in employment status or benefits
  • Started your own business or sold one
  • Had a change in health or lifestyle that led to improved health
  • Received an inheritance
  • Retired
VNIC_insurance needs over time