Introduction
Life doesn’t stand still — and neither should your insurance cover. The right level of protection at the right time helps give you peace of mind, knowing that if the unexpected happens, you and your family won’t be left financially exposed.
Here are four key milestones when it’s smart to review your cover.
1.Starting a Family
Welcoming children changes everything — emotionally and financially. Suddenly, your loved ones depend on you more than ever. Reviewing your life and income protection cover ensures your family can stay supported if something happens to you.
2.Buying a Home
Taking on a mortgage is often the biggest financial step you’ll make. If illness, injury, or worse stops you from earning, could the repayments still be made? Updating your cover helps protect your home and your lifestyle.
3.Changing Jobs or Income
A new role, pay rise, or even a career break shifts your financial position. That means your insurance needs may change too. Regular reviews keep your cover aligned with your actual income and commitments.
4.Approaching Retirement
As retirement nears, your debts may reduce and your priorities change. This is a good time to scale back or adjust cover to suit your new lifestyle and protect the wealth you’ve built.
Conclusion
Insurance isn’t set-and-forget. Checking your cover at life’s key milestones helps ensure it keeps pace with you.
Book a call here for a review of your cover
