Medicare Supplements

Medicare Supplements

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Medicare Advantage

Medicare Advantage

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Life Insurance

Life Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Dental Insurance

Dental Plans

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Final Expense Insurance

Final Expense

We browse through a wide variety of coverages and find the right one for you.

Get a Quote

The exercise equipment gathering dust in Americans' bedrooms and basements is a familiar sign of the way New Year's resolutions often are quickly abandoned. But a few resolutions you'll not only want to make but also stick with involve being more prudent about insurance.

That means spending wisely and getting the coverage that matters most. It's a good idea to start each year by taking stock of your coverage because auto, home, life and other insurance needs change over time -- as you move, switch jobs, add to your family, change vehicles and grow older.

When you have to use your insurance, the last thing you want is to learn that you don't have enough coverage. But you also want to make sure you aren't carrying more insurance than you really need.

Here are some New Year's resolutions to help you fine-tune your insurance policies.

Life Insurance

As you launch into a new year, look for ways to cut life insurance costs, says Debra Newman, who chairs the board for the nonprofit Life and Health Insurance Foundation for Education, or LIFE.

"Have you become healthier?" she asks. "Did you stop smoking? Did you lose a significant amount of weight? Are you off medications? You may now qualify for preferred rates."

If you're the family breadwinner, it's a good idea to make sure a nonworking spouse or domestic partner also has adequate coverage. The main reason for life insurance is to replace lost income, but a homemaker's work has value, too. "Think about what your partner does in any given month to keep your family functioning," Newman says. "You would have to replace that expense."

Kristen Komer, a MetLife vice president, suggests checking A.M. Best Co. ratings or other indicators of your life insurance company's financial health, to make sure it has the assets to pay your beneficiaries when you die.

"With all the changes that have happened in financial markets, it has never been a more important time to check the financial strength of a company," Komer says.

Read More: Source

Posted 10:06 AM

Tags: tips, new year
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
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
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015


View Mobile Version

Contact Us Today!
888-802-0003

Facebook Twitter LinkedIn YouTube
© Copyright 2020. All rights reserved. | Powered by Insurance Website Builder