Reviewing your policy or updating your coverage isn’t the most common thing to do. However, as often as life changes, so too must your coverage. Key moments to review your policy coverage are major life events, such as welcoming a new child, buying a house or an elderly parent who requires additional care. During these periods, bear in mind that you have additional financial responsibilities to shoulder and may have to adjust your coverage amount accordingly to account for this.
It’s never too late to go over both husband and wife’s protection plans and make the necessary updates. As a family grows, so does their needs and their need for protection.