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How major life changes affect your insurance needs

Life is full of big moments — and each one can change your financial picture. It’s important to review your life insurance policy regularly, especially after milestones such as:

  • Getting married or entering a long-term partnership

  • Having a baby or adopting a child

  • Buying a home or taking on major debt

  • Starting a business

  • Getting divorced or separated

  • Experiencing a significant income change

Each of these events can impact your coverage needs. For example, if your family grows, you may need more coverage to support additional dependents. If you pay off your mortgage, you might be able to reduce your cover.

Keeping your policy up to date ensures it stays relevant and effective. A quick annual review with your adviser can save future headaches and help keep your family fully protected.