Will Your Life Insurance Policy Die Before You Do?

When was the last time you reviewed your life insurance coverage? Without regular reviews, it can be difficult to answer important questions about your policy.

Review Your Life Insurance

Your life insurance policy is important, but letting it sit without checking it can be risky. When reviewing, ask yourself:

• Are the beneficiary designations still correct?
• Has the credited interest rate changed on permanent policies?
• Have you missed or changed the amount of a premium payment, not received a dividend, or taken a loan?
• Most importantly, does the amount of coverage, purpose, and projected duration still match your goals?

Without answers to these questions, it can be hard to know if your policy will be there when you need it for the reason you bought it. Your policy might be performing differently today than when you originally purchased it.

What’s the Solution? 

Ask for an annual life insurance policy review. This provides an opportunity to assess your current coverage and needs. The goal is to identify any gaps in your insurance coverage and take corrective action to gain peace of mind.

To help avoid unexpected surprises, take steps to review your policies today. Plan ahead by contacting your local Federated Insurance^® marketing representative. They can assist in connecting you with professionals who specialize in these areas and help you review your options.

This content may be accessed in the following additional options:

• Will Your Life Insurance Policy Die Before You Do? JPG
• Will Your Life Insurance Policy Die Before You Do? PDF

This article is for general information and risk prevention only and should not be considered another other offer of insurance or legal, financial, tax, or other expert advice. The recommendations herein may help reduce, but are not guaranteed to eliminate, any or all losses. The information herein may be subject to, and is not a substitute for, any laws or regulations that may apply. This information is current as of its publication date and is subject to change. Some of the services referenced herein are provided by third parties wholly independent of Federated. Federated provides access to these services with the understanding that neither Federated nor its employees provide legal or other expert advice. All products and services not available in all states. Qualified counsel should be sought with questions specific to your circumstances. All rights reserved.