Many people buy insurance coverage and don't look at the policy again until they need to file a claim, but this habit can be a serious mistake. Over time, your circumstances and priorities will change, and your insurance policy should always reflect what's most important to you. As the Ron Nall Insurance Agency in Andalusia, AL notes, this is especially true of family life insurance, which is why they recommend reviewing your policy on a regular basis.
Here are just a few of the reasons you may need to adjust your coverage:
- Changing Needs: If you purchased a policy that provided life insurance for children and yours are now grown, you may not need to financially provide for them anymore. Changes in your financial condition or estate plan may also mean you need to adjust your coverage.
- Lifestyle & Health Changes: If you've made a big life change like quitting smoking, you may be able to get lower premiums. On the other hand,
if your health has declined, you may want to consider converting a
term insurance policy to a permanent one.
- Lower Premiums: Your family life insurance policy may have been competitive priced when you bought it, but is it still? Having your needs evaluated by an an industry expert will not only ensure that your coverage meets your needs, but it could also save you money.
With years of experience and access to an extensive portfolio of products from one of the nation's leading carriers, the Ron Nall Insurance Agency has the expertise to make sure your life insurance needs are fully met. Their dedicated agents will take the time to sit down with you and develop a full understanding of your situation, so visit their website to learn more or call (334) 222-3106 to schedule an appointment today.