This is the time of year that many families reflect on their financial situation as well as the Life Insurance Planning. It is a critical piece of the families planning strategy to make sure the family is protected in the event of the passing of a loved one especially when your are financially dependent on them. When asked, many people respond that they have their life insurance at work, and tend to shrug off the need to have more. In reality many people have a $25,000 group policy that does to go very far to cover the cost of raising a family. I urge everyone to sit down and analyze their situation, and determine if the family is well protected in the event they are no longer around to provide for them.
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