[Source:http://www.lifeinsuranceinformation.org.uk]

Now that the kids are making their own way in life, your life insurance needs may have altered, but they probably haven’t disappeared. Think twice before cancelling your policy or significantly downgrading the level of coverage.

You’ve no doubt worked hard to establish your existing assets and it’s likely you hope your children will benefit from your hard work in the future. Life insurance can help you ensure that your assets are there for them.

You still have each other to care for and when one of you is no longer around, there is no doubt that life will change dramatically for the remaining partner. Income may be reduced and household expenses may increase. Should health issues arise for the remaining partner, it’s likely that medical costs will be an added burden. A paid caretaker or in-home nursing may one day be required. Your partner may be placed in a position where assets must be sold off to cope with additional expenses. The inheritance you had hoped to leave your children may diminish over the years.

If you maintain adequate life insurance, this need not be the case. Consider leaving your death benefit at a level that would cover your partner’s living expenses in the years to come and allow for a few unexpected expenses.

If you are in Pennsylvania and would like to discuss your life insurance requirements, contact Donald R. Weaver Insurance now for assistance and a quote.