Life insurance planning checklist

• Total your mortgage and other debts
• Estimate how many years of income your family would need to replace
• Estimate education costs for children
• Estimate final expenses
• List existing coverage: group life at work, personal policies, mortgage insurance
• List savings and investments that could be used
• Consider whether you need coverage for a stay-at-home partner
• Review disability and critical illness protection for your income
• Decide who your beneficiaries should be, including contingent beneficiaries
• Think about how long the need lasts (term) versus lifelong needs (permanent)
• Note any health conditions to discuss privately during the application
• Set a reminder to review after major life events

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Learn more: Life & Financial Protection