Life Insurance is Important. Review it Regularly!

By Contractors Insurance Agency Uncategorized Comments Off on Life Insurance is Important. Review it Regularly!

Life insurance is important for your family.  We know you want to make sure that they are taken care of in the event you are not around any longer to take care of that yourself.

Changes happen often in life and reviewing your policy regularly is a good thing to do so that you are not inadvertently leaving your belongings or money to someone that you don’t actually want to have it after you are gone.

It is also important to update things if you have added family members or there is someone special to you that you want to be sure is taken care of as well.

Here at John Scott Insurance Agency, we make sure your life insurance coverage matches your family’s needs, and if it does not, we help you fix that so you can sleep easy again.

Some changes to think about include:

  • Getting married
  • Welcoming a new baby/child into the family
  • Getting a promotion/raise at work
  • Taking on a new job
  • Kids went off to college

By regularly assessing your needs, you’re helping to ensure your family members are protected no matter what. Our Personal Protection Leaders can assist you with this review and any changes that are needed.

Once you have reviewed your policy and made needed changes you want to consider the following as well:

Increasing coverage – This is something that you may be interested in doing if you have a new baby, a new mortgage or other changes of that nature.  You’ll also want to make sure you have adequate coverage in the case of increased financial pressures like a college tuition, substantial credit card debt or upcoming retirement plans.

Decrease coverage – This may be something of interest to you in cases such as your children growing up and moving out, your mortgage being paid off, and other things of that nature.

Leave your coverage as is – Sometimes there haven’t been any major changes for you so there is no reason to increase or decrease the amount of your policy.

If you’ve added a life insurance policy or are thinking about adding one, please taken the necessary steps to contact one of our Protection Leaders and they can help you even more.

Set up a time to chat with one of our Protection Leaders about how we can help you to make sure you have the best coverage and your loved ones.

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