Nov 03
Time to review you life insurance policy
Have you recently bought a new home or started a business? Has your marital status changed? Has your family grown? Do you wonder whether you’re paying too much for your current life insurance policy? Have you thought about what will happen after your term life policy expires? Has your health changed?
If you answered “yes” to any of these questions then you really need to review your current term life insurance policy!
Reasons to review your current term life policy:
1. If it’s been a while since you purchased your policy… IT’S TIME!
2. It’s free, and easy to do!
3. You may be able to save money – rates are at historic lows.
4. If your health has changed, it might make sense to convert your policy in order to lock in level premiums and guarantee protection for the rest of your life with no medical questions or exams.
Keep in mind that if you are considering buying additional coverage or converting from term to permanent, you might save more money by doing it sooner than later because premiums go up as you get older. So call us today!
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November 3rd, 2008 at 2:42 pm
If you have received a recent promotion, and are now making more money, you may want to re-evaluate your life insurance needs.
Also, it’s a good idea to review your life insurance plan every 1-2 years to make sure your plan meets your family’s needs.
November 17th, 2008 at 11:33 am
If your health has changed this is the right time to convert your policy. Now you may be able to lower your rates. Fortunately if may people were rejected before, now even people with such health conditions as diabetes, asthma, heart disease, hepatitis C may be able to get better coverage. Work with a broker who knows the strategies for presenting the strongest case to the insurer.