How to know if you have enough life insurance

4/15/2013

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Almost everyone’s life insurance needs to change over time.  There are a number of factors that can affect how much financial protection you need to meet changing financial responsibilities should something happen to you.  These include marriage or divorce, a new baby or new home, responsibility for aging parents or a child’s college tuition, as well as your plans to transition or retire from the service. 

As you know, your SGLI isn’t portable.  It ends 120 days after you leave the service and it maxes out at $400,000.  So it may not be enough to cover your current financial obligations. 

With April 15th behind you and your financial situation still top-of-mind, now’s a good time to review your life insurance coverage.  Make sure it still provides enough protection for those counting on you.  You can use the USBA Life Insurance Needs Estimator to help you. 

Then if you have questions or would like to talk with someone about what’s right for your situation, please call us at (877) 297-9235.

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