Does your life insurance need a rescue plan?
The life insurance industry has changed dramatically over the past twenty years. Many companies have merged, others have gone from mutual to publicly-traded stock companies. Some have even done away with having their own field representatives. This has happened at a time when many of the products sold in the past either have an increasing premium, such as a short-duration term insurance product, or a flexible premium structure with a non-guaranteed death benefit, such as a universal life product.
The need to monitor your insurance is greater than ever, but this does not happen automatically. With increasing or flexible premium products, it is critical that you review not only what your life insurance looks like today, but also what it will be in the future based on today’s assumptions.
Schedule a complimentary call with us to see if your policy is at risk of a premium increase or lapse in coverage.
What if your income stopped tomorrow?
Disability and death are not fun topics of conversation, but risk management is a critical element of your plan. "Rules-of-thumb" about the amount and type of coverage are rarely the best answer. Every scenario is unique. Do you need to purchase coverage, or do you have enough assets to self-insure? How long do you need the coverage? Our consultative process can help answer your questions. Then we use computer software to provide you with detailed answers and an appropriate plan of action.
Many people purchase disability or life insurance, cross it off their to-do list, and never revisit the topic. If you already own a policy, we can help you determine if it is a good fit. Plans and goals change and what was true in the past may no longer be accurate.