Managing Your Life Insurance
Three steps to managing your life insurance policy
1. Review your life insurance policy frequently.
One of the most important steps is to review your policy frequently. Reviewing your policy frequently, you may spot some exceptions. Doing this can save you time and money in the future. Another thing is fully knowing your coverages and payments can help you in the future in case you need to re-shop for additional insurance; you may be able to find a better price and coverage. Even with your employer, if you do carry life insurance with them, it’s always a good idea to check your coverages and premiums. We do always recommend a policy outside of your job, as the policy with your job is a good addition to your policy outside of your job. Most people change jobs and companies throughout their careers, and these policies typically do not follow you and end as soon as your employment ends with the company you work for. Policies through your place of employment are good short-term supplemental coverages.
