Personal Finance

May 2nd is National Life Insurance Day, marking a yearly reminder to review your insurance policies and make sure you have the proper coverages in place to make sure you’re safeguarding your most important assets. The right policies can protect your pay check, possessions, property and the people you care about the most.

Life changes, often unexpectedly

A lot can change in your life in a year. A first home, or moving to a new one. A new job, or the loss of one. A new baby, or a child growing up and leaving home. These are just some of the life events that can impact the type of insurance coverage you need.

No one wants to think about what might go wrong in your life, but the reality is that good and bad things happen and you need to be prepared. What’s more, with the right insurance in place, you’ll worry a lot less about unexpected or unfortunate events.

Remember, simple changes can make a big difference too. For example, if a shift in your working patterns leads to less driving, your insurance company might re-evaluate your rates.

Taking a defensive driving course, quitting smoking, losing weight, installing a home security alarm – all of these small steps can lead to significant savings on a wide variety of insurance policies.

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