Life Insurance: Is Your Policy Adequate?

+Financial Spring clean-up! It is always satisfying to cross off completed chores on a TO DO list. Going over your life insurance, financial and retirement savings plans and documents is a very important task – and it’ll take less time than cleaning out the garage.

It is always important to know where your money is going so you can keep more of it. Have a look at your budget and evaluate if you have been sticking to it. If you haven’t yet created a household budget, now is a great time to put pen to paper and get it done. The simple task of keeping your monthly expenses in check can go a long way to helping you keep more of your money, in your pocket.

Always make a point of carefully looking over your bank statements, credit card bills, bank transactions and monthly bills to identify possible errors, suspicious transactions or possible identity theft. The sooner you report anything odd, the better.

Life changes and over time your circumstances can change too. Your financial priorities can take a drastic shift with a new marriage, new baby and new house for example. You might need to reconsider investment choices and beef up your life insurance coverage to reflect this new reality. An insurance broker can help you with this important task.

Ok, now go get your work clothes on and hit that garage.