![]() ![]() You may also qualify for a number of discounts. ![]() If you have a new car, an aging car, or a new driver, you may need to update your car insurance to adequately reflect your coverage needs. Can the policy be converted into another form of insurance or annuity?.In what situations and through what procedures can you assess cash values?.What is the effect of interest on money paid and received at different times on the policy?.What part of the premiums or benefits is not guaranteed?.How much do the benefits build up in the policy?.Do premiums or benefits vary from year to year?.The National Association of Insurance Commissioners suggests that consumers ask the following questions about their policy: It’s important to go over those changes so that your life insurance policy is providing you the greatest benefit. These changes may affect the strength of your life insurance policy. During Your Review Life Insuranceĭuring the course of a year, life changes such as birth, death, job change, and salary adjustment may occur. During this meeting, you’ll examine your current coverages to find gaps as well as identify potential savings. June 28 is National Insurance Awareness Day, and it’s a perfect time to examine your insurance with a professional insurance expert like an agent from Farm Bureau Insurance. This may make the difference between overcoming a financial disaster or experiencing serious money problems. However, if you or your family experience life, home, or auto changes, meet those changes with commensurate insurance adjustments. If you’ve been paying your premiums but not doing an annual insurance review, you may have a blind spot in your coverage.Ī lot can happen in a single year, and meeting with your insurance agent may have not made the top of your personal to-do list. The Importance of an Annual Insurance Review ![]()
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