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Evaluating Future Insurance Needs

Date: December 07, 2021
Category:

Insurance isn't something you can “set and forget." It's important to review your insurance needs regularly to make sure your coverage is still the best fit for your needs as your life changes. 

Insurance can help you cover a range of unexpected expenses, especially as you get closer to retirement. Take the time to review, evaluate and update your insurance as needed to ensure your coverage is keeping up with all the changes in your life.  

Here's how to make sure you have the appropriate coverage for every important stage of life:

  • ​Speak with a trusted professional about the types of insurance that are best for you and your family — now and into the future. Choose someone who isn't just in the business to sell you their most profitable product, but rather someone who can offer you options to meet your needs.
  • Evaluate your insurance coverage regularly to make sure it's still the best fit for your needs, lifestyle and budget. It only takes a few minutes to identify if you and those you love have enough coverage.
  • Consider other types of insurance available to protect different areas of your life, such as long-term care insurance and short-term and long-term disability insurance to cover you in case you're sick or hurt and can't work.
  • Update your insurance as needed. Once you retire, you might also qualify for special discounts.


Protect What Matters Most

It's not too early or too late to speak with a professional about your insurance needs and how to protect what matters most to you. With a smart plan in place, you can enjoy greater peace of mind knowing that you're prepared for whatever the future may bring!

At Wright-Patt Credit Union, our CFS Financial Advisors, available through CUSO Financial Services, L.P.,* are here to help ensure your family is protected. To learn more about life insurance and ways to help secure your family's future, contact us today​ and schedule a complimentary, no-obligation appointment.

For more tips on planning & protecting, visit our Financial Flexibility and Freedom page​.

​​​​​​​​*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered brokerdealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Wright-Patt Cr​edit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Before deciding to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to; investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
CUSO Financial Services, L.P. (CFS) does not provide tax or legal advice. For such guidance, please consult your tax and/or legal advisor.
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