Should you reassess your life and health insurance coverage?

Nobody likes to think about life and health insurance, which is natural since thinking about death, disability or illness isn't fun.

However, you're getting on in life, and your needs are changing.

It's important to take the time to go over your coverage and make sure it's still appropriate. Life stages, like the birth of a child, the purchase of property or starting a new business, require a financial commitment on your part.

It's worth reviewing your insurance if:

1. your coverage hasn't changed in the last 3 or 5 years
2. you have new family and fiscal responsibilities, like the birth of a child or the purchase of property, since it came into force
3. taking the current economic context and inflation into account, the income generated by your life insurance's proceeds no longer suffices for your loved ones to maintain their standard of living after your death

Do you have group insurance?

Your employer’s group insurance plan gives you access to coverage you need at prices you can afford. But what happens if you leave your job or retire? Learn how you can maintain certain coverages for you and your family, with no medical exam and without having to provide proof of good health.