Insurance Needs Change Over Time

Insurance provides financial protection against a loss arising out of happening of an uncertain event. Insurance is an important part of financial planning — but understanding insurance and buying the right product can be tricky. Your insurance needs can change as your family and finances change.

Your need for all types of insurance may change as your life changes. Major life changes could be:

1. Marriage or new baby
2. Divorce
3. Kids recently left home
4. Retired or retiring in two years
5. Recent death of a partner