Archive for the ‘Life Insurance Ongoing Maintenance & Changes’ Category.

Should I Switch My Life Insurance Policy to a New Company?

As time goes on, it appears the standard rates of term life insurance has been declining. This makes it attractive to seek out a lower-cost policy that may fit your needs for a term life insurance policy. Because these rates are competitive it is possible that this switch will be beneficial. However, it is important [...]

Can I Purchase A New Life Insurance Policy And Cancel My Current Insurance?

Canceling a life insurance policy should only be done, if you can get a new policy that either costs less or better meets your needs and goals. The benefit of purchasing a new policy is that you can often get better rates, even if you are considerably older than when your original policy was purchased, [...]

My Agent Wants To Review My Policies – Is This A Sales Pitch?

Insurance agents periodically review their client’s policies as a way to ensure that their needs are continually being met. As things in your life change, so does your insurance needs. Families grow, beneficiaries change, divorces happen and many other events that could call for a change in your policy. During these events the last thing [...]

Who Can You Turn to if You Have a Problem With Your Life Insurance?

My insurance agent was not able to help me resolve the problem I had with my life insurance, is there anyone else that I could turn to for help? If your insurance agent was not able to help fix a problem you had with your life insurance, you can take further action. The next thing [...]

If My Employers Life Insurance Plan Ended When I Left the Job, Can I Convert it to a Personal Policy?

Given our recent economics times there has been a rise in the number of people wondering about what happens to their benefits from their employers if they are laid off. They also want to know if they will be able to enroll in an individual policy if they are dropped from their employer’s plan when [...]

Should I Switch My Term Insurance With Life Insurance, And If So When?

I was told that switching term every so often with life insurance would allow me to take advantage of the company’s rates, is this recommended? Switching term with life insurance every couple of years may help you get the best rates. However, the cost you are saving may not be worth the switch. If you [...]

Will Moving To A Different State Affect My Life Insurance Policy?

With life insurance, moving to another state will generally not affect your policy as opposed to an auto insurance policy. On the other hand, if you move to another country, your life insurance policy could be affected. If you move to a country with more violence and other war-like activities, your life insurance rates may [...]

Are You Missing Paid-Up Life Insurance Policies, How Can I Locate Them?

The first step in locating paid-up insurance policies is to find any evidence of the policy’s existence. For example, search for any canceled checks, receipts, and old policy payment books that will be aiding in ascertaining the name of the life insurance provider and the policy number. It may be beneficial to check the local [...]

What Are Your Options When You Can’t Afford The Premiums To Your Life Insurance Policy With A Cash Value?

In these difficult economic times, many people can not afford the premiums for their life insurance policies. When a life insurance policy has a cash value, there are several options available to the policyholder. One of the most common and often automatic options is for the insurance company to extend term life insurance. The cash [...]

Is It Possible To Receive A Refund on My Life Insurance Policy?

There is a “free look” period in most states which allows life insurance policyholders to receive a refund on a newly purchased policy. The “free look” period was established to allow life insurance policyholders ample time to review policy details. Usually a refund is available within 10 days of receipt for a new policy and [...]