Owning a Policy
When to Review Your Life Insurance
The life events that are worth a fresh look at your coverage, from a new baby to retirement.
The sheet in words
Up is happens more often (common in a lifetime); down is happens less often (once or twice). Left is smaller change (a quick check); right is bigger change (rethink coverage).
Big Raise
Income grows, so can the need
New Home
New debt, new coverage need
New Baby
Someone now depends on you
Marriage
Two lives, shared money
Kids Leave Home
Need may start to shrink
Pay Off the Mortgage
The debt need may shrink
Divorce
Beneficiaries and support change
Starting a Business
New income, debts and partners
Retirement
Income and needs shift
Do not wait for a birthday. Review after any big life change.
General education only, not a recommendation. How often each event happens and how much it changes your needs differs for every household. Coverage, costs and availability vary by product, age, health and state. Sony Ho, Licensed Life Insurance Agent, NPN 18171750 · wealthprohi.com/check
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