PERSONAL FINANCES: Life insurance needs may change over time | business

It’s easy for many of us to approach life insurance with a “I’ll take care of that later” or “set it and forget it” mentality, assuming you have time to work out the details of appropriate coverage later. Still, life insurance can play a key role in providing financial security for your loved ones should you die unexpectedly. The role of protection in your financial planning often depends on the stage in your life.

Newly married couples

Older adults nearing or in retirement

Holley Smaldone-Cragg, CMFC, is a financial advisor at Ameriprise Financial in Geneva. She specializes in fee-based financial planning and wealth management strategies and has been in the practice for over 35 years. Their website is

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