No one really wants to think about life insurance.  But if someone depends on you financially, it is a topic you really shouldn’t avoid.  Getting insurance doesn’t have to be hard (or boring).  Let the McKnight Advisory Group Advisors answer your questions and help you make informed decision for protecting your loved ones financially.

Many people who own life insurance coverage do not know what they have, why they have it, or if it is too much or too little.  Annual reviews of existing coverage are important because existing policies may no longer appropriately fit an individual’s overall portfolio.  Lower interest rates and higher insurance costs could lead older policies to lapse early and not be there for an individual as originally planned.  Because life happens and individuals may have skipped a premium payment or paid a premium late, the future performance of a policy can be adversely affected. 

As with any other type of financial vehicle, older life insurance policies (particularly permanent, cash value policies) should be reviewed regularly.  It ensures that an individual’s coverage is in unison with their goals as well as the planning strategies set forth.

Contact us today to discuss a policy review.