{"id":4964,"date":"2021-10-14T11:30:52","date_gmt":"2021-10-14T15:30:52","guid":{"rendered":"https:\/\/scarletoakfs.com\/?p=4964"},"modified":"2023-08-09T14:20:58","modified_gmt":"2023-08-09T18:20:58","slug":"its-time-for-your-life-insurance-checkup","status":"publish","type":"post","link":"https:\/\/scarletoakfs.com\/its-time-for-your-life-insurance-checkup\/","title":{"rendered":"It\u2019s time for your life insurance checkup."},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]As the end of the year approaches, we tend to focus on family and creating positive changes into the new year,<\/strong> so it\u2019s a great time to review your coverage.1 <\/sup>Especially if you have had any life-changing shifts in the last few years like getting married, becoming a parent, buying a home, or starting a business, an insurance checkup is necessary to ensure your coverage matches your current needs. But even if there haven\u2019t been significant changes, insurance is an excellent tool in your financial life that could be used in college planning, estate planning, or as part of a long-term tax-saving strategy.<\/p>\n

\u00a0<\/sup>If you don\u2019t have any life insurance, you\u2019re not alone. Life insurance is one of those \u201csomeday\u201d things for many people \u2013 but the cheapest time to buy it is probably today.<\/p>\n

There are two kinds of life insurance: term<\/em> and permanent<\/em>. Additionally, there are three kinds of permanent life insurance: whole, universal,<\/em> and variable<\/em>.<\/p>\n

How do these forms of life insurance differ, and how do you find out which type of coverage is right for you?\u00a0 Let\u2019s sit down and discuss it.<\/p>\n

We can help you look at where you are in life to assess your current insurance needs. Then, review what is in place, even if you don\u2019t think you need life insurance. Remember, insurance is for the people left behind, so you can still fulfill the financial commitments you have made beyond your life span.<\/p>\n

You should consider life insurance if:<\/p>\n