Have you considered how much insurance you need? A Financial needs analysis provides us with the questions we don’t think about.
What is remaining on your mortgage?
Do you have a 2nd Mortgage?
Credit line debt?
Have your children started post-secondary education yet?
And many more in depth questions to ensure your beneficiary receives the correct amount required to sustain a financially stable lifestyle in the event a loved one has passed away. This is indefinitely not a step to skip!