Do you ever feel like you have 20 statements coming from 20 different places? Do you have your life insurance with multiple company’s? How much face amount do you have on each policy and is it enough? How much longer does your term policy remain level? Do you have the best rate available for your age and health? What are your conversion options if you want to convert your policy (s) to some type of permanent insurance like whole life or universal life? Do you have term life or permanent life insurance?
These are all important questions and good questions to ask yourself about your coverage. Our Paramount consultants like to review coverage with all of the new and existing clients and make sure that everything is aligned. We will walk the clients through their existing coverage to determine how much and what type of insurance they have. We look at consolidation options, how much face amount, rates, health changes, whether any of the conversion options make sense at that point, and if they are with carriers offering solid conversion options.
This is a free service that we offer and it is a great exercise to go through to make sure you are protecting your families financial future. It is similar to getting your oil changed in your car. If you don’t change the oil, the car will not perform at the optimal level and could be disastrous if ignored too long. On top of that, you may save some money in the short term and create a lot of wealth in the future.