Why do I keep getting calls from you guys? This is a question that I hear too often in my profession. I have been an insurance professional for almost 10 years, and my firm, Aultium Insurance Services, manages thousands of client’s life insurance, mortgage protection, as well as retirement needs. Part of our service is to provide an annual review of our clients policies, FREE of CHARGE. Many of our clients take advantage of this benefit, but most don’t.
As an insurance professional, it seems like common sense that an annual review should be done. It’s a great way for us to stay in front of our clients and make sure we are the first that are called when we are needed. As a consumer, the last person we want to deal with in our life is another salesperson, especially one who constantly reminds us of death. I am here to tell you that you should take advantage of that review, if not annually, at least bi-annually.
We all insure our cars, our TV’s, and our toys. I’ve even seen insurance that covers alien abduction. I know, wacky, but they are out there. What I always find incredible is the amount of money we spend on things that won’t take care of our families in the event of our death. Last I checked, when the TV goes out, it won’t provide you with a large lump sum of money that will protect the quality of life that you have built for your family.
We insure so much, why not insure ourselves. If we aren’t there to work, who is going to pay to feed and clothe your family? Life is constantly changing. Babies are born, people get married, and new homes are bought. There are many reasons to get insurance, but these are also the reasons to get an annual review. Life changes!
When we are younger and just starting out in life, our paychecks at times aren’t what we want them to be, so we get products that fit within our budgets. Sometimes we get products that don’t. This also goes for life insurance or mortgage protection. When we are young and are living on a tight budget, we generally have a smaller mortgage and we turn to term insurance. Term insurance has lower premiums in the early years, but does not build up a cash value you can access.
Cash value policies come in the form of whole life, universal life or variable life insurance. What most people don’t know is that converting term policies into cash value plans is a benefit of their Term policies. This is a fact that most of us will never know, unless we do an Annual review. Aside from improving your policy, there are the obvious life changes that should be accompanied by a policy review.
The birth of a new child, the purchase of a larger mortgage, college tuition, and much more. If you have added more bills to your check book, imagine how those bills will be paid if you were to become critically or chronically ill, let alone pass away. The National Association of Insurance Commissioners (NAIC) states that, “life insurance helps secure your family’s financial future after the death of you and/or your spouse. It also helps ensure that the estate that you’ve worked your life to build will be allocated to the beneficiaries you have chosen.”
If you don’t have life insurance or mortgage protection, put that at the top of your “TO DO” list. If you do, continue to take the care that you once had in your family’s quality of life, and take advantage of your Annual Review. You don’t want to leave behind a pile of debt for your loved ones to keep paying for because you’re gone and didn’t prepare. International best-selling author, Ernie Zelinski once said, “Your best retirement plan for retiring happy and prosperous — don't be a burden on others.”
The agents of Aultium Insurance Services will also Review your policy even if you are not their client. Take advantage today and find out the benefits of working with a team of insurance professionals that care.