Why Do a Life Insurance Policy Review?​

Changes in your life and in the insurance marketplace make periodic reviews a wise decision.

Why Do a Life Insurance Policy Review?​
Change is a part of life.  Your financial needs and goals may evolve, and your life insurance product’s features and performance may or may not continue to meet your objectives. That’s why it’s important to review existing coverage periodically to see if it’s still the best for you.
Reasons to do a policy review include:
  • Policies may not meet current needs due to life or career changes.
  • Premiums: Can you coverage needs be met more economically?
  • Cash Value and Performance:  Is your policy’s performance meeting your current expectations?
  • Improved product offerings may enhance coverage; many new products have features that were not available in the past.
  • Coverage may not remain in force to maturity, based on reasonable projections.
  • Existing term insurance may be approaching a point of a premium increase or losing guaranteed rights to convert to a permanent policy.
  • Outstanding policy loans may cause a policy to lapse.
  • Beneficiary designations may be out of date.
 
How Does a Policy Review Work?
 
A proper policy review involves more than an analysis of your policy.   Life changes, health, goals, current economic conditions, and trends in the insurance industry are all taken into account.  With authorization, in-force ledgers are obtained from the current insurance company and a full analysis is performed.  If there is no improvement possible, that is made clear.  However, opportunities for improvement are typical and often significant.
 
For a free, no obligation policy review, please contact us today.
(830) 626-8509
P.O. Box 310878
New Braunfels, TX 78131
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Your insurance needs and goals can change significantly as you go through life.