Life Coverage Policy Review at Pacific Insurance Group

Policy Review

People periodically review their bank statements, retirement portfolio, and car insurance, but seldom take the time to review their life insurance policy(s). If life insurance is a part of someone’s financial strategy it is prudent to review the policy(s) at least every two years. A regular review can help make sure goals and protection needs are being met.

People’s life insurance needs change over time and so do life insurance products, that is why scheduling a policy review with an experienced life insurance agent is a good idea. Life is unpredictable and the passage of time may bring about a new job, new home, children, and even a change in health, which is why periodic life insurance reviews are important. A policy review gives someone the opportunity to review their current financial situation and evaluate their life insurance needs.

  • You may have the ability to lower your premium expense for the exact same amount of protection.
  • You might have the ability to acquire more coverage for the exact same premium you are paying now.
  • It may be possible to enhance the survivor benefit coverage.
  • There might be a way to assist enhance policy efficiency and construct cash value.
  • You may be able to gain functions and advantages not available on your present policy.

Here are a few life events that may prompt a life insurance policy review:

  • Children / Adoption
  • Change in marital status
  • New home
  • Job promotion or job change
  • Taking on debt

All financial tools need a periodic review.  Life insurance policy offerings have significantly changed over the years and it is wise to make the right adjustments sooner than later.