Rainy Day

Childcare is more expensive than in state college tuition 

If your spouse is at home raising the children and you're the breadwinner think about having Term Life insurance in place during the children's formative years.  The cost of childcare would cause a huge financial strain on the working parent if the stay at home spouse died.  Life would drastically change if  the surviving working parent needed live-in childcare.

Life Events

Life doesn't stand still.  Your life is probably not the same now as it was 5 years ago.  People get married, have babies, or get divorced and remarry, becoming blended families.  It's a good idea to re-evaluate Life Insurance policies every year to make sure beneficiaries are up to date.  Also consider increasing coverage if  the family grew.

 Better Rate

Better shape and / or losing weight and quitting smoking can qualify for a better rate.  If you didn't qualify or were quoted a higher rate because of health problem, look into a rate reconsideration.  This might reduce your premium, which saves you money or lets you increase coverage for the the same price - Nice!

[hugs]

Teresa