Home Page RSS
  • Home
  • Get A Quote
    • Automobile
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Builders Risk
      • Workers Compensation Quote
    • Flood
    • Homeowners
    • Life
    • Renters
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Other
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Insurance Glossary
  • About Us
    • About Center of Insurance
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Contact Us Get A Quote
Home > Blog > Time for some life insurance spring cleaning
THURSDAY, MARCH 13, 2014

Time for some life insurance spring cleaning

Time for some life insurance spring cleaning

Posted on March 13, 2014 by Cincinnati Insurance
spring-cleaning

Take the time to do some spring cleaning
where your life insurance policies are concerned.

With the arrival of spring comes the urge to clear out clutter, clean the windows and dust off the cobwebs of every corner of your home. This would also be a great opportunity to dust off your life insurance policies to make sure you have adequate coverage at the most competitive rates.

Life’s changes happen quickly: Marriages…the birth of a child or grandchild…the purchase of a new home…changes in your business…planning for retirement. Almost any major life event can have an impact on your life insurance needs.

Unfortunately, most people don’t take the time to routinely evaluate their life insurance planning to make sure it keeps up with their ever-changing lives. A recent study from LIMRA, a life insurance trade and marketing association, found that three in 10 American households – or 35 million people – are uninsured or underinsured. Additionally, more than half of Gen X and Gen Y households – or 30 million people –  need more life insurance.

Life insurance can play a key role in helping you plan for your family’s financial future. While the basic use of life insurance is to provide for those who would suffer a financial loss due to your death, it can also be a helpful tool in planning for retirement or business continuation.

While performing your life insurance spring cleaning, here are a few things to keep in mind:

1.      Inventory
Gather all of your life insurance policies and critical information together. Consider keeping your policies in a fireproof box or safe deposit box. Organizing your information helps those left behind during a very difficult time.

2.      Record
When death occurs, surviving family members must be ready to immediately handle a number of important matters. A simple list of your policy information can be invaluable to your loved ones. Make a list of your policies. Include the policy numbers, beneficiaries and company contact information. The accuracy of the information is essential to handling these matters smoothly.

3.      Review
Once you have everything in one place, it is easier to evaluate the amount of coverage you have and consider whether you need to amend beneficiaries. Your local independent agent is an excellent resource for reviewing your coverage and your current needs.

This spring, add a life insurance policy review to your checklist. Contact your agent to schedule a policy review. There is no obligation to change your current policies or to buy new ones. The peace of mind in knowing you’ve planned for your family’s financial future is free – and priceless.

Submitted by Ronda Bradley

Posted 12:34 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2015
  • 2014
  • 2013


View Mobile Version
 

Navigate

Home
Get A Quote
Speak with an Expert
Customer Service Forms
Make a Payment
Fequently Asked Questions
Refer a Friend

Office

1300 Liberty St
Hopkinsville, KY 42240




Connect With Us

Like Us on Facebook Like us on Facebook
Connect on LinkedIn Connect on LinkedIn
RSS Blog Blog

Read the Latest News

Stay up-to-date with the latest industry, community and agency news through our newscenter. We also provide handy hints on how to save on your insurance.

Visit Our Newscenter