Broker Check

Protection Products

Time to Review

Regularly reviewing life insurance, disability, auto, and home insurance policies is crucial for individuals to ensure they have the appropriate coverage and rates to meet their changing needs. Personal circumstances and insurance needs can change over time, and it's important to update policies accordingly to avoid gaps in coverage or overpaying for unnecessary coverage. Reviewing policies can also help identify any gaps in coverage that may exist and ensure that individuals have adequate protection for unexpected events. With regular policy reviews, individuals can protect themselves financially in the event of accidents, illness, or death, and ensure that they are getting the most competitive rates possible for their coverage needs.

Life Insurance

Life insurance is a type of insurance that provides financial protection to beneficiaries in the event of the insured person's death. It is designed to help ease the financial burden on loved ones in the event of an unexpected death.

Disability 

Disability insurance is a type of insurance that provides income replacement to individuals who become disabled and are unable to work. It is designed to protect individuals from the financial impact of losing their income due to a disability caused by an injury or illness.

Auto / Home 

Auto and home insurance are two types of insurance that protect individuals from financial losses caused by damage, loss, or theft of their vehicles or homes. 

Umbrella

Umbrella insurance is a type of liability insurance that provides additional coverage beyond the limits of an individual's primary insurance policies, such as home, auto, or boat insurance. It is designed to protect individuals from major claims or lawsuits that exceed the coverage limits of their primary policies. 

Protection Products Review

There are several reasons why individuals should review their life insurance, disability, auto, and home insurance policies regularly:

  • Changes in Personal Circumstances: Individuals' personal circumstances change over time, such as getting married, having children, buying a new home, or changing jobs. These changes can impact the amount of coverage needed and the type of policy required, so it's important to review and update insurance policies accordingly.
  • Changes in Insurance Needs: Insurance needs may also change over time. For example, as the value of a home increases, it may be necessary to increase the amount of home insurance coverage to adequately protect it. Similarly, as individuals age, their life insurance needs may change.
  • Changes in Insurance Rates: Insurance rates can change over time due to a variety of factors, including inflation, changes in the insurance market, and changes in personal circumstances. Reviewing insurance policies regularly can help individuals ensure that they are getting the best rates possible.
  • Ensuring Adequate Coverage: Reviewing insurance policies regularly can help individuals ensure that they have adequate coverage for their needs. This can help protect them financially in the event of unexpected events such as accidents, illness, or death.
  • Identifying Gaps in Coverage: Reviewing insurance policies can also help individuals identify gaps in coverage that may exist. For example, individuals may have insurance for their home but not for their valuables or personal property.

Overall, reviewing life insurance, disability, auto, and home insurance policies regularly can help individuals ensure that they have the coverage they need and are paying the appropriate rates for that coverage.

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