http://www.youtube.com/watch?v=iqaMcde3zgA&feature=player_embedded

September 2006 (Medialink) – Lives change. Growing families often trade up to a bigger house. Someone with a pay raise might think of getting a better car. But, how many with changing circumstances think about the need to trade up to a better life insurance policy?

Turns out… not many.

That means a more difficult life for surviving family members. In fact, the Insurance Information Institute says that nearly half of surviving spouses would experience a 20 to 40% decline in their standard of living if the primary wage earner in the family died.

Life insurance is like money in the bank. And, like a retirement account, the equity can grow. It can be used for almost anything – to pay funeral expenses, debts, and to maintain a certain standard of living.

Familiarise yourself with your policy and check if you’re adequately covered.