(NC) The topic of life insurance may bring up many questions for you. Understanding what it is, what type is best for you and what it can cover are all important things to think about. But it’s also important to consider when you should get it.  

Mark Hardy, vice president of life insurance at TD Insurance says term life insurance coverage can help protect your loved ones from financial burdens, so that they can maintain the lifestyle they are used to should you pass away.  

Life milestones – like getting married, buying a home, having children or retiring – can motivate people to think about getting life insurance for the first time. But ultimately, the decision to seek life insurance coverage varies from person to person and is dependent on your unique personal and financial circumstances.  

For instance, since life insurance is a way to help provide financial security for the future of people you care about, it may become more important once other people depend on your income, or if you start accumulating debt that you are worried will carry over to others after you pass away.  

Hardy suggests considering each milestone as an opportunity to review your life insurance needs and, if necessary, adjust your coverage.

“Having life insurance is one way to help alleviate potential future financial pressures for your family,” he explains. “Our advisors can help you determine the right insurance for you, so you can help provide your family with financial protection if you were to pass away.” 

Learn more at tdinsurance.com.