Planning for your health and financial security is more important than ever. While regular checkups and healthy habits protect your body, a strong financial plan—including life insurance—can protect your family’s future.

Protect your family against the loss of income

Life insurance is more than a policy—it’s a safety net for your family’s future. Imagine Keanu and Ashley, both in their 40s, relying on two incomes to cover the mortgage on their Kaimuki home and their children’s tuition. If the unexpected happens to Keanu, the right life insurance coverage could help ease Ashley’s financial burden and support her children’s dreams.

How life insurance fits into your financial plan

While investments focus on growth, insurance complements your financial plan by protecting against loss and helping you build and preserve wealth for generations. Its purpose is to turn potential crises into manageable setbacks, so you can focus on your family’s safety, your home, and your peace of mind.

Life insurance can:

• Shield your family from debt and loss of income
• Cover immediate expenses, like mortgage payments and tuition
• Support long-term goals, including retirement and legacy planning

Already have life insurance? Make sure it still fits.

Even if you have coverage, it’s wise to review your policy regularly. Life changes—marriage, a new home, or growing your family—can all impact your needs.

10 reasons you might need to update your insurance policies or coverage:

1. Marriage or divorce: Your coverage needs may change when you get married or divorced.
2. Buying a home: Purchasing a new home often requires updating your homeowners or life insurance.
3. Having children: Growing your family means you may need more coverage to protect your loved ones.
4. Career changes: A new job, promotion, or starting a business can impact your income and insurance needs.
5. Significant income changes: If your income increases or decreases, your coverage should reflect your financial situation.
6. Health changes: Major health events or diagnoses may prompt a review of your policy.
7. Retirement: Transitioning into retirement often means adjusting your coverage for new priorities.
8. Paying off major debts: Once you pay off your mortgage or other large debts, you may need less coverage.
9. Beneficiary updates: Changes in family structure or relationships may require updating your beneficiaries.
10. Policy features or options: New riders, add-ons, or better policy types may become available, offering improved protection or benefits.

Keep your financial plan current by:

• Scheduling regular reviews: Reassess your policy every 2–3 years or after major life events such as marriage, buying a home, or having children.
• Checking coverage amounts: Make sure your policy covers current obligations like mortgage, childcare, and future expenses such as college tuition.
• Evaluating policy types: Consider whether term or permanent life insurance better aligns with your strategy.
• Exploring riders or add-ons: Look into options like disability income riders or long-term care benefits for added protection.
• Leveraging policies for retirement: Some policies can build cash value or provide supplemental income during retirement. Ask your advisor how to maximize this benefit.
• Leveraging policies for retirement: Some policies can build cash value or provide supplemental income during retirement. Ask your advisor how to maximize this benefit.
• Align with your financial goals: Ensure your coverage complements your investment strategy and doesn’t hinder growth opportunities.

How can we help you?

At Bankoh Advisors, we know that every family’s financial journey is unique. Our advisors take the time to listen and understand what matters most to you—whether it’s protecting your loved ones, planning for retirement, or building a legacy. If you’d like a second opinion on your current coverage or want to learn about a comprehensive financial plan, contact us.

Bankoh Advisors is a marketing name of Cetera Investment Services. Securities and insurance offered through Cetera Investment Services LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Investments are: Not FDIC/NCUSIF insured | May lose value | Not financial institution guaranteed | Not a deposit | Not insured by any federal government agency.

Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services. 130 Merchant Street CC888 Honolulu, HI 96813. 808-694-8500