We discussed the necessity of having a Qualifying Life Event (QLE) to make changes to one's insurance policy, specifically focusing on the need for a QLE when increasing the coverage. It emphasizes that events like birth, marriage, or death qualify as QLEs, while retirement does not. Additionally, it warns about potential cost increases in insurance coverage every five years and advises viewers to evaluate if the added coverage aligns with their financial needs.

Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better.

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