Problems occur when a policy is purchased, and payments are continually provided without ever making sure the policy continues to meet present day needs.
An astounding number of policies are payable to ex-spouses or others whom the insured would NOT have wanted to receive the proceeds. Children born after a policy was purchased are often negligently overlooked if life insurance policies are not updated.
In some cases, existing policies or named beneficiaries have long been forgotten. Sometimes the person named is deceased and a new beneficiary or contingent has not been filed with the life insurance company. Beneficiaries should be verified on a regular basis while life insurance policies are in place.
We tend to feel great about ourselves when we have done the responsible thing, and made the decision to provide for loved ones financially when the unexpected happens. The responsibility does not stop with the purchase alone. Maintaining the policy and making sure the proper people know about the policy is part of the responsibility and care-taking you originally intended to provide your loved ones with. Follow through is crucial in maintaining this very important benefit.
How often should you have a policy check up done?
Rita Sollie, Direct Insurance Agent with North Coast Life Insurance Company. No gimmick or scheme here. Just genuine, honest service. Helping you with your Life Insurance and Financial needs. Contact me (Rita) at 800.541.5858 or email: rita.sollie@nclife.com or Live Chat below. I welcome the opportunity to show you what North Coast Life can do for you… View yourINSTANT Term-Life Quote (no obligation) at: www.insureyourfamily.com . If you would like a local financial representative to contact you, call or email your request to me.
