The Benefits of a Life Insurance Checkup

If you have life insurance, your family’s financial security is greater than that of tens of millions of other families across the country. You should feel proud of yourself for being insured, but don’t grow complacent with your insurance coverage. Even if you did considerable research before taking out a life insurance policy, it is wise not to just set it and forget it. Once in awhile, you should review your current coverage to ensure it is still working for you. This review can be called a life insurance checkup.

A checkup, best carried out with the assistance of an insurance expert, involves assessing your current needs against your needs at the time you took out a life insurance policy. If your needs or situation has changed, the life insurance policy you currently have may no longer be the best policy for you. In fact, most policyholders are either overpaying for or underprotected by their life insurance. During a checkup, an insurance advisor can help determine whether you have the appropriate amount of insurance in relation to your assets, financial liabilities, family circumstances, pre-retirement death penalties, and Social Security survivor benefits.

Following your life insurance checkup, you may determine it is wiser and more cost-effective for you to switch to a universal life insurance policy or another type of policy. Converting from one type of life insurance to another does not have to be that complicated, but it will be without the help of a trusted advisor. To arrange a life insurance checkup with a knowledgeable professional who has your interest at heart, call Brokers Alliance at (800) 290-7226. If you are not yet insured, we can also help you find the best insurance coverage policy for you at the best rate.