Life Insurance Maximization Strategies

Life insurance is an area where many families initially plan, but fail to keep current in subsequent years. One reason is that most people believe that once you purchase a life insurance policy, you never have to think about it again. That mistake can cost a family thousands of dollars in wasted premiums and possibly hundreds of thousands in benefits, if not more! Here are some things to consider:

• Do you have too much or too little in life insurance?
  
• Are you paying too much in premiums?
  
• Do you have the right type of life insurance for your current situation?
  
• Is your current life insurance policy using the new mortality tables or are they using the old tables and overcharging you?
  
• Do you have multiple policies that essentially do the same thing?

Life insurance has come a long way in the past decade. There are even hybrid life insurance policies that include a benefit for nursing home care. With all the improvements in life insurance, and the changes that have occurred in your life since your first policy, shouldn’t you sit down with someone who can help determine if your current policies still meet your needs and increase your peace of mind?