Add value to your neglected assets - Life Insurance Policy Review
Business Law
During a life insurance policy review, you should look at your current coverage and beneficiaries and decide if any adjustments should be made. A Life Insurance Policy Review can be incorporated into initial planning or regular reviews when significant life changes have occurred. Factors that can impact changes to your life insurance needs can include marriage, divorce, health status changes, buying or selling a house, having children, and paying off debt.
It's important to review your life insurance policy annually or more frequently to ensure your policy is set up to adequately protect your loved ones after your death. When conducting an insurance Policy Review and presenting options that include replacing an existing insurance contract, it is important to discuss the risks and benefits.
You should conduct one after any major life events involving changes to your family, health, or finances. Significant life events that impact your family, health, or finances can change how much life insurance coverage you need and who you want as your beneficiaries. The amount of life insurance coverage you need, and who you want as your beneficiaries, depends in part on the people who count on your income to cover their expenses.
If you or a loved one experiences a significant improvement or decline in health, it could increase or decrease the amount of coverage you might need. You can review your life insurance by checking the hard copy of your policy, logging into your online account with the insurer, or talking directly with an agent.
Related listings
-
UN seeks court opinion on climate in win for island states
Business Law 04/01/2023The countries of the United Nations led by the island state of Vanuatu adopted what they called a historic resolution Wednesday calling for the U.N.‘s highest court to strengthen countries’ obligations to curb warming and protect communit...
-
Alabama prison staff shortage worsens despite court order
Business Law 02/11/2023A federal judge said Friday Alabama prisons remain critically understaffed, with court filings showing the number of officers in state lockups has continued to drop despite a court order to increase numbers.The prison system has lost more than 500 se...
-
State seeks long prison term for accused NYC subway gunman
Business Law 01/02/2023Prosecutors plan to seek a decades-long prison sentence for a man who is expected to plead guilty this week to opening fire in a subway car and wounding 10 riders in an attack that shocked New York City.Frank James, 63, is scheduled to enter a guilty...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.