Despite the recent volatility and uncertainty, one aspect of your financial picture probably hasn’t changed: your need for insurance. Since National Insurance Awareness Day is observed on June 28, now is a good time to assess your insurance coverage.
If you have a house and family, your insurance needs are obvious. If something happened to you, could your mortgage payments still be met? How about your car payments? College for your children? You may have a spouse or partner who earns a decent income, but your family could still have big trouble paying its bills if you weren’t around.
Even if you’re just starting out in life, you can benefit from insurance, especially if you have debts. If you’re retired, you’ll need insurance if your spouse is dependent on you and you haven’t paid off your mortgage.
Your insurance needs may change in response to significant life events, such as marriage, remarriage, and new children, so review your coverage regularly.
Life insurance should be part of your overall financial strategy, along with your retirement accounts and other investments. Make sure you’re properly covered – for today and tomorrow.
If you have any questions, please contact me at 980-859-2549 or by e-mail at Brandon.Monette@edwardjones.com
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.