WEBVTT

00:00:00.000 --> 00:00:00.583 align:middle line:90%
[UPBEAT MUSIC]

00:00:00.583 --> 00:00:02.310 align:middle line:84%
Do you understand how
your life insurance

00:00:02.310 --> 00:00:04.990 align:middle line:90%
needs change over the years?

00:00:04.990 --> 00:00:07.620 align:middle line:84%
It's called The Theory of
Decreasing Responsibility,

00:00:07.620 --> 00:00:09.900 align:middle line:90%
and here's how it works.

00:00:09.900 --> 00:00:11.820 align:middle line:84%
When your children are
young, you probably

00:00:11.820 --> 00:00:13.870 align:middle line:84%
have a lot of financial
responsibilities,

00:00:13.870 --> 00:00:16.230 align:middle line:84%
such as a house mortgage
and other debts.

00:00:16.230 --> 00:00:19.680 align:middle line:84%
During this time, the death
of a breadwinner or caretaker

00:00:19.680 --> 00:00:22.110 align:middle line:84%
would be financially
devastating to your family.

00:00:22.110 --> 00:00:24.690 align:middle line:84%
This is when you need
coverage the most.

00:00:24.690 --> 00:00:27.930 align:middle line:84%
In the later years, you have
fewer financial obligations.

00:00:27.930 --> 00:00:31.050 align:middle line:84%
The children are grown, the
mortgage is paid or reduced,

00:00:31.050 --> 00:00:34.260 align:middle line:84%
and you've had years
to accumulate savings.

00:00:34.260 --> 00:00:37.200 align:middle line:84%
Your need for insurance is
reduced because you are now,

00:00:37.200 --> 00:00:39.250 align:middle line:90%
in effect, self-insured.

00:00:39.250 --> 00:00:42.210 align:middle line:84%
This is the theory of
decreasing responsibility.

00:00:42.210 --> 00:00:44.460 align:middle line:84%
It means having life
insurance to protect

00:00:44.460 --> 00:00:48.380 align:middle line:84%
your family during the most
financially vulnerable years.

00:00:48.380 --> 00:00:54.000 align:middle line:90%