If you died tomorrow, make sure the money would be there to replace your income and help your children and your spouse maintain their standard of living. With life insurance, you can select the amount of coverage that will help your family meet living expenses, pay the mortgage, even provide a college fund for your children. New York Life and its subsidiaries can help you get started with products such as whole life insurance, term insurance, and variable universal life insurance.

It's important to also consider disability insurance. If you become disabled and cannot work, disability insurance can pay benefits — up to 60% of your income in many cases — so you can continue meeting your financial obligations until you are back on your feet again. For more on disability, visit the Health Insurance Association of America's Web site ((http://www.hiaa.org). (Products available through one or more carriers not affiliated with New York Life, dependent on carrier authorization and product availability in your state or locality.)

And don't forget about health insurance. Research your options carefully. As pregnancy can qualify for a pre-existing condition with some insurers, make sure you're covered for maternity costs, health care for children, and so on. If your company offers them, enroll in flexible spending accounts, which use pre-tax money to pay deductibles and other expenses, saving federal, state, local, and social security taxes. For more information on choosing health insurance, visit HIAA's Web site. (http://www.hiaa.org)

With defensive financial planning, you might also want to consider looking into homeowners or renter's insurance as well.

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