WEBVTT
Kind: captions
Language: en

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Do you understand how your life
insurance needs change over the years?

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It's called the theory of decreasing
responsibility and here's how it works.

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When your children are young you
probably have a lot of financial responsibilities

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such as a house mortgage and other debts

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during this time the death of a breadwinner or
caretaker would be financially

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devastating to your family. This is when
you need coverage the most.

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In the later years you have fewer financial
obligations the children are grown,

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the mortgage is paid or reduced and you've had years to accumulate savings.

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Your need for insurance is reduced because you are now in effect self-insured.

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This is the theory of decreasing
responsibility it means having life

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insurance to protect your family during
the most financially vulnerable years.