|
|
 |
Assessing Your Insurance Needs
Before purchasing an insurance policy, you should consider your
financial situation and the standard of living you want to maintain for
your dependents or survivors. For example, who will be responsible for
your funeral costs and final medical bills? Would your family have to
relocate? Will there be adequate funds for future or ongoing expenses
such as daycare, mortgage payments, or college?
You should reevaluate your insurance policies annually or
whenever you experience a major life event such as marriage, divorce,
the birth or adoption of a child, or purchase of a major item such as a
home or business.
|
