It rang true when Ben Franklin said it over two centuries ago. And it may, in fact, be good advice when it comes to reviewing your current life insurance coverage.
Life insurance tends to be the type of insurance we forget about once we get it. But because it can be critical to the financial well-being of your family, it does bear reviewing periodically.
Maybe you got your first policy when you were young and had a lower income and fewer responsibilities. As time passes families grow, incomes increase, lifestyles change – so it’s important to have coverage that reflects your family’s current and possible future living expenses.
If your policy is not up to date, you may not be providing the financial security you intended for your family when you first obtained your policy. And if you don’t yet have life insurance, this is not the time to procrastinate, especially with the health risks we’re living with today.