Individuals & Families

How Much Life Insurance Does My Family Need?

There isn't one number that works for every family. Consider income replacement, debts, mortgage obligations, education goals, final expenses, existing assets, current insurance, and the financial needs of the people who depend on you. The amount should reflect your family's circumstances and objectives.

Term vs. Permanent Life Insurance: What's the Difference?

Term insurance generally provides coverage for a specified period, while permanent life insurance is designed to provide lifelong coverage when required premiums are paid and policy requirements are met. Permanent policies may also accumulate cash value. Cost, coverage needs, time horizon, and financial objectives can help determine which type, or combination, may be appropriate.

When Should I Review My Life Insurance?

Life insurance is worth reviewing when something significant changes, such as marriage, divorce, a new child, buying a home, changing jobs, starting or selling a business, or approaching retirement. Even without a major event, periodic reviews can help determine whether existing coverage continues to match your needs.

How Should I Prepare Financially for Retirement?

Start by defining what you want retirement to look like. Then evaluate expected expenses, retirement accounts, Social Security, pensions or other income sources, investments, insurance, taxes, and potential healthcare needs. The goal is to understand how these pieces work together rather than viewing each account separately.

What Financial Decisions Should I Consider After Getting Married or Starting a Family?

Major family changes are a good time to review your budget, emergency savings, insurance, beneficiaries, retirement contributions, debt, education goals, and estate documents. Coordinating these decisions early can help create a stronger financial foundation as your family grows.