Did you know that September is National Life Insurance Awareness Month? Summer is almost over, the kids are off to school and now is the perfect time for you to review your insurance needs and make sure that you and your family have the adequate protection in place.

A good place to start is to assess your current situation. You more than likely already have life insurance in place (well done!) but do you have enough? In fact, your life circumstances have probably changed since you first purchased your insurance, so what’s changed and what do you need to do to update your financial protection?

Yes, you have different needs at different stages of your life, so a few good questions to ask yourself are:

• Do I have the right life insurance plan in place for things like covering my mortgage, replacing my income, topping up the education fund or making sure retirement plans aren’t interrupted?

• Should I renew my term insurance, or should I switch to a more permanent plan because my needs have changed?

• Do I need to increase my insurance coverage to make sure all my obligations can be met?

• Do I have the right insurance to cover the tax bill for the assets I’m leaving to my children?

• Is my beneficiary designation still in line with my wishes?

Whatever your life insurance needs, you have options. As it gets chillier outside and life resumes its normal pace, be sure to take a good look at whether you have the right insurance and enough of it in place to protect your heirs.

For more information about insurance and how to meet your changing needs, read Choosing Insurance that Grows with You and Enhancing Your Benefits with Critical Illness and Disability Insurance, and watch the INFOclip: Building Lifetime Protection video. Not sure about the varying insurance plans and what they have to offer, find out with our Exploring Your Life Insurance Options tool.