If you take pride in managing your retirement plans, it’s likely you check in on investments, balance, and the risk level of your portfolio to make sure it keeps pace with your overall goals from year to year.

As the year winds down, it’s important to reevaluate the coverage and stipulations of your personal insurance policies as well. If you’ve owned a life insurance policy for any extended period of time, it’s a good idea to see if your coverage still satisfies your current needs. 

Buying a house, starting a business, and having a considerable change to income could mean that the original terms of a policy are no longer best suited for your potential needs. Similarly, insurance policies issued through an employer may offer extra coverage that you have declined in the past, but that might be a good fit for new circumstances like the growth of your family size or a change in overall health. 

While it can be easy to avoid the serious nature of discussing life or long-term care insurance, staying informed on all possible options and having the knowledge of the amount and type of coverage that best fits your needs is a great way to help build confidence in your plans leading up to – and through – retirement. 

Our team can help show you what your current policies could provide and how that fits into what you might need at the moment. Contact us at 678-539-9518 and take a step towards building knowledge and confidence in your financial planning.

1. Your 2023 year-end financial checklist: Tips for your finances (prudential.com)

Investment advisory products and services made available through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. 10/24-3964316

This blog is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.