Life Has Changed. Has Your Insurance?

In the CAF, life doesn’t stand still for long. A new post. A growing family. A home purchase. A change in relationship status. It all adds up, and sometimes faster than we expect. But while we’re busy adapting to the moment, there’s one thing many of us forget to update: our life insurance.

An out-of-date life insurance can be a costly oversight. Because when the unexpected happens, whether it’s illness, injury, or worse, your insurance is what stands between your loved ones and serious financial strain. If your coverage is lagging behind, it may not reflect what your family truly needs today.

 At SISIP, we believe your insurance should grow with your life. And the best time to check in isn’t when a crisis strikes, it’s right now.

Life keeps moving. Your coverage should keep up

It’s easy to think of life insurance as a one-and-done decision. But the reality is, your needs shift over time, especially in the military.

Maybe you’ve just had your first child and want to make sure their future is protected. Maybe your spouse or partner is staying home full-time, and you’ve realized how much they contribute to your household. Maybe you’ve moved, been promoted, or taken on a new mortgage. Even something as simple as updating your beneficiary after a relationship change can make a world of difference down the road.

Whatever your situation, a regular review of your coverage can help you stay aligned with your goals and responsibilities.

What does “enough” insurance look like?

 There’s no magic number, but there is a smart way to think about it.

Life insurance is really about replacing your financial contribution. If you bring in an income, your coverage should reflect how much your family would need to stay afloat without it. That includes paying off debts, covering living expenses, and protecting your family’s long-term stability.

Some people use a rule of thumb like 8 to 10 times their annual income. But that’s just a starting point. You also need to factor in your savings, any existing CAF benefits, the number of dependents you have, and your partner’s situation.

And don’t forget: even if your spouse or partner isn’t working outside the home, their contribution is massive. Replacing everything they do—childcare, errands, household logistics—would be expensive. That’s why SISIP always encourages families to consider coverage for both partners, not just the main income earner.

One conversation can clarify a lot

The good news is, you don’t have to guess.

SISIP advisors offer something called an Insurance Needs Analysis, which is a simple, no-pressure conversation that helps you figure out how much coverage you actually need. Together, you’ll look at your current benefits, goals, and any existing policies to see if everything still lines up.

And if it doesn’t? We’ll walk you through your options in plain language.

SISIP advisors are salaried, not commissioned, which means the advice you get is expert, unbiased, and focused on what’s best for you and your family.

Why so many CAF members choose SISIP?

There are a lot of insurance providers out there, but SISIP is built for military life. Your policy comes with features that are hard to find elsewhere, including no exclusions for high-risk deployments, war, or even dangerous hobbies. You get affordable, flexible coverage that actually fits the CAF lifestyle.

And because SISIP is part of the Canadian Forces Morale and Welfare Services, every dollar we earn goes back into supporting the military community, from MFRCs to mental health services.

If your life has changed, let’s make sure your coverage has too

It’s easy to put this off, but it’s even easier to take five minutes and book a chat with a SISIP advisor. We’ll help you make sure your protection is as strong and current as your commitment to those who count on you.

Speak to a SISIP advisor today