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Insurance is one of those expenses most people would rather not think about, until they need it.

In this episode of Money, Truth & Life, Judy Copenbarger, The Money Whisperer, looks at how insurance decisions can affect both your monthly budget and your family's financial protection.

As your life, family, assets and income change, the coverage you bought years ago may no longer match what you need today. Judy explains why periodically reviewing your insurance can help you understand what you're paying for, what you're protecting and whether your coverage still fits your life.

WHAT YOU'LL LEARN

• How insurance premiums, deductibles and co-payments affect your budget
• Why the least expensive policy isn't always the right policy
• How your insurance needs can change as your assets and family change
• Why outdated beneficiaries can create serious problems
• When major life changes should prompt an insurance review
• How to balance affordability with appropriate protection
• Why periodically comparing coverage and pricing can be worthwhile
• How to identify coverage you may no longer need

MONEY TRUTH

Insurance isn't only an expense. It's part of protecting the financial life you're working to build.

The goal isn't to have the most insurance or the least expensive insurance. It's to understand the risks you want covered and whether your current protection still fits your life.

THIS WEEK'S CHALLENGE

Choose one insurance policy.

Review the premium, deductible, coverage, beneficiaries and other important details.

Then ask yourself:

Does this coverage still match my life today?

Do I have the right protection for the risks I don't want to carry myself?

Is anything outdated?

Could I compare other options for similar coverage?

Start with one policy. You don't have to review everything at once.

💻 Explore additional resources at www.judycopenbarger.today

Subscribe to Money, Truth & Life and share this episode with someone who hasn't reviewed their insurance coverage in a while.

Visit my website at www.JudyCopenbarger.Today