September is National Life Insurance Awareness Month and it’s the perfect opportunity to focus on the importance of life insurance and the role it plays in protecting our financial futures. One of the most effective ways to ensure that your life insurance policy is up to date and aligned with your current needs is to book a comprehensive insurance review.
Why schedule an Insurance Review?
Life is constantly changing and as it does, so do our financial needs. An insurance policy that was adequate five years ago may no longer provide the coverage you need today, as major life events such as getting married, having children, buying a home and even retiring can significantly impact your insurance needs. Regular insurance reviews not only ensure you remain protected against life’s unexpected twists, but also provide an opportunity to align your coverage with your evolving needs. Insurance reviews also offer an opportunity to:
- Assess current coverage
Assessments allow you to ensure that your existing policy and coverage is sufficient to cover and meet your current financial situation and future goals. These assessments can include evaluations of available death benefits, cash value and any riders or additional benefits.
- Identify gaps
The determination of gaps in coverage ensures that you are aware of any areas that could leave you vulnerable. Any gaps that are identified may involve the need for additional life insurance, disability insurance or even long-term care coverage.
- Explore new opportunities
Life insurance products and options are constantly evolving and changing. During a review, you will have the opportunity to evaluate your current plan, as well as explore new products or features that might offer better value or more comprehensive protection.
- Maximize value
In the final stages of the review process, you can find different ways to optimize your insurance portfolio by consolidating policies, reducing unnecessary coverage and/or finding more cost-effective options.
As we step into National Life Insurance Awareness Month, consider this the ideal time to conduct an insurance review to ensure that your coverage is keeping pace with your life. By scheduling comprehensive reviews, you can ensure that your financial goals are met, that your loved ones are protected and that you have peace of mind.
The MacMillan Estate Planning team is here to help you reach your financial goals, and your personalized insurance review is one important step in ensuring that your future is safeguarded.
Secure your financial future today. Contact us today at 1-833-266-6464 or schedule a complimentary consultation online HERE.
