News

Latest News / When to Review Life Insurance

When to Review Life Insurance

September 24, 2018

We often say that our clients buy life insurance for one of two reasons – you love somebody or you owe somebody. For most, it will be the first reason. You want to protect a loved one and there is a financial dependence on your income. According to a recent study, 38% of Americans believe they would feel the impact from the death of a primary wage earner within a month of their passing.1 However, the second scenario can have a major impact when a mortgage, student loans or other debts are a part of your financial picture.

So when do you review your life insurance plan to ensure you and your loved ones are set up for the future? Any time there is a major life change! These can include:

  • New child/grandchildren
  • Change in marital status
  • New job/promotion/salary change
  • Receipt of an inheritance
  • Sale or purchase of home
  • Death of a family member

Although each of these is an opportunity to have a conversation about life insurance and any potential changes, it’s also not an exhaustive list. Other life moments that may change your lifestyle or plans for the future should also be considered. These may include:

  • Major investment gain/loss
  • Health concerns
  • Change in estate plan
  • Start/purchase a business
  • Sold or acquired assets
  • New investments or insurance

You work hard every day to establish yourself and take care of your loved ones. Don’t leave tomorrow or the future of your loved ones to chance. There are several life insurance options depending on your current situation and plans for the future we can take into account to guide you on the right track.

1 https://www.lifehappens.org/wp-content/uploads/2013/10/brochure_LI_WhatYouNeedtoKnowAboutLifeInsurance_Consumer.pdf

 

Previous PostNext Post

Disclosures

Check the background of this investment professional on FINRA’s BrokerCheck

Located at: 600 E 84th Avenue Merrillville, IN 46410
Phone: (844) 755-6600

Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFG STC Insurance Agency LLC), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.

These products and services are being offered through Cetera Investment Services LLC or its affiliates, which are separate entities from, and not affiliates of, Centier Bank or Centier Investments. Securities and insurance products offered by Cetera Investments are: *Not FDIC/NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency.

Click here to view Cetera Investment Services Privacy Policy, other Important Information and Business Continuity Plan.

This site is published for residents of the United States only. Registered Representatives of Cetera Investment Services LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Investment Services LLC site at www.ceterainvestmentservices.com

Find a banking center near you. Click Here