Key Insurance Topics to Discuss with Family Members

1. Life Insurance

• Does anyone have life insurance coverage?
• Where are the policies located?
• Who are the beneficiaries?
• Is the coverage amount sufficient to replace income, pay debts, and support dependents?

2. Health Insurance

• What health plans does each family member have?
• Which doctors, hospitals, and specialists are in-network?
• What are the deductibles, copays, and out-of-pocket maximums?
• How are medical bills and claims handled?

3. Disability Insurance

• Does anyone have short-term or long-term disability coverage?
• How much income would be replaced if someone could not work?
• How long do benefits last?

4. Homeowners or Renters Insurance

• What does the policy cover?
• Are valuables such as jewelry, collectibles, or electronics adequately protected?
• What is the deductible?
• Has a home inventory been created and updated?

5. Auto Insurance

• Who is covered under the policy?
• What are the liability limits?
• Is there uninsured/underinsured motorist coverage?
• What should family members do after an accident?

6. Umbrella Liability Insurance

• Does the family need additional liability protection beyond home and auto policies?
• Are current assets sufficiently protected from lawsuits?

7. Long-Term Care Insurance

• How would the family pay for assisted living, nursing care, or home health care?
• Does anyone already have long-term care coverage?
• What are the benefits and limitations?

8. Beneficiary Reviews

• Are beneficiaries on insurance policies current?
• Have recent life changes (marriage, divorce, births, deaths) been reflected?
• Are contingent beneficiaries named?

9. Emergency Information

• Where are policy documents stored?
• Who are the insurance companies and agents?
• What account numbers and contact information should family members know?
• Who should be contacted during an emergency?

10. Estate and Financial Planning Connections

• How do insurance policies fit into wills, trusts, and estate plans?
• Are there sufficient funds to cover final expenses, debts, and taxes?
• Who has power of attorney or healthcare decision-making authority?

Questions Every Family Should Be Able to Answer

✅ What insurance policies do we have?
✅ Who is covered under each policy?
✅ Where are the policy documents stored?
✅ Who are the beneficiaries?
✅ What should we do if a death, illness, accident, or disaster occurs?
✅ Who should family members contact first?

Having an annual family insurance review can help ensure coverage remains aligned with changing financial needs, assets, and family circumstances.