Questions always arise about life insurance during financial planning meetings. Insurance is an important item to discuss, and each individual or family has a unique solution. Life insurance should be reviewed when major life events occur and at least annually for most people. Life events can be a change in health status, marital status, welcoming new babies or potentially for financial security for business owners.
The questions are not only around how much but what form of life insurance is needed. See below for a brief summary of life insurance types.
As financial advisors who do not sell insurance, we can facilitate an independent and objective analysis of your life insurance needs. Please let us know if we can help.
Matt and Andrew