PERSONAL FINANCE: Life insurance needs can change over time | Business

It’s easy for many of us to approach life insurance with a “I’ll deal with it later” or “set it and forget it” mentality and assume you have time to sort out the details of adequate coverage along the way. Still, life insurance can play a key role in financially protecting your loved ones if you die unexpectedly. The role protection plays in your financial plan often depends on your stage of life.

Newly married couples

Elderly people are approaching or in retirement

Holly Smalldown-Crag, CMFC, is a financial advisor at Ameriprise Financial in Geneva. She specializes in fee-based financial planning and asset management strategies and has been in practice for over 35 years. Her website is