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September Is Life Insurance Awareness Month!

Is Your Life Insurance Still Keeping Up With Your Life?

Life changes—and your life insurance coverage may need to change with it. Marriage, children, a new job, a new home, changing income, or paying off debt can all affect the amount of protection your family may need.

If you haven't reviewed your life insurance recently, now is a great time to take another look.

A Simple Way to Start: The DIME Method

Consider four key areas when estimating your life insurance needs:

• Debt– Outstanding debts, excluding your mortgage.
• Income– Consider approximately 10 years of income.
• Mortgage– The amount needed to pay off your mortgage.
• Education– Estimated future education costs for your children.

Life Changes Matter

A review may be especially important after:

• Marriage or divorce
• The birth or adoption of a child
• A change in employment or income
• Buying, selling, or paying off a home
• Significant changes in your financial situation

Life insurance isn't something you should simply “set and forget.” Regular reviews can help ensure your coverage continues to align with your goals and the people who depend on you.

DON’T WAIT - TAKE ACTION TODAY

Don't wait for another life event to remind you. Schedule your life insurance review today.

A quick conversation with your financial professional can help you determine whether your current coverage still fits your needs—and whether changes may be worth considering.

Your family is worth protecting. Make sure your coverage is keeping up.

Please call us to schedule a time to talk about your life insurance. 

Andy Susanin: 515-556-3834 and Tyler Bookin-Nosbisch: 641-680-1190

Several factors affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Policies have expenses, including mortality and other charges. Surrendering a policy prematurely may result in surrender charges and income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.

This material is for informational purposes only and is not intended as tax or legal advice. Please consult your tax or legal professional regarding your individual situation.

Advisory services offered through RIA Advisory Group LLC, a Registered Investment Advisor.