The monthly Alta Vista Benefits newsletter is provided as a service to help with issues in your every day life. Your suggestions and feedback can be e-mailed to lucy@altavistaben.com.
Life Insurance Awareness Month
Are you sure you are protected?
Life insurance is an important way to protect your family lifestyle. It provides for final expenses as well as a replacement for family income in the event of an untimely death.
We often purchase life insurance and don't review it to make sure it is performing the way we expected. Since life insurance buyers typically hold policies for a long time, they may not consider the impact that market fluctuations have on the cash values. In addition, the potential for life insurance to create retirement income is often overlooked.
Chances are, your life has changed since you made your last life insurance purchase. The insurance industry has also changed significantly in the last ten years and interest rates have declined. Some policies may actually be losing value because the current interest rates no longer fund the policy appropriately. Do you know if you still have the right coverage?
September is Life Insurance Awareness Month, which is the perfect time to review your current life insurance needs. You can get started by visiting the free on-line Needs Calculator http://www.lifehappens.org/life-insurance/life-calculator. This calculator will help you make sure you have the proper coverage.
Once you have done that, contact us at lucy@altavistaben.com to do a free review of all your life insurance coverage. We will help you determine if new products and features are worth considering for your current life stage.
You can't control the future, but you can take steps now to safeguard your family. Contact us today to help you (lucy@altavistaben.com).
Did You Know?
Long Term Care -- Carriers continue to refine Long Term Care policies and many carriers now offer a Return of Premium (ROP) option. This means that if you purchase a policy and never use the benefits, you can get back all of the premium you paid, less any benefits you have used. For more information, please contact us (lucy@altavistaben.com)
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