Apr 06

Protect Your Economic Security with Insurance Planning

Tag: Home and Auto News, Life NewsByron Udell @ 12:00 pm

The National Association of Insurance Commissioners (NAIC) suggests that now is a great time to conduct an insurance coverage check up.  If times are tough, there may be ways to keep the coverage and save money. Here are some of the policies they consider reviewing during these uncertain financial times:

  • Health insurance coverage – If you have an individual health insurance policy, work with your insurance agent or broker to try to reduce your premiums by modifying benefits or cost-sharing requirements.
  • Life insurance policy – Now is also a good time to review your life insurance needs to ensure you have the right policy for your financial situation and your family composition. Life insurance is an important way to cover the financial effects of an unexpected or untimely death. This is even more important in today’s economic climate.
  • Homeowner’s insurance policy – If you’ve updated areas of your home to make it safer you could be eligible for discounts that might lower your premium. Call your insurance company to find out.
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