Getting life insurance is one of the most intelligent decisions that you can make in your life. However, it’s critical that you regularly review your life insurance. Many Tulsa, OK residents have been asking us – how often should I review my life insurance? We at Greater Tulsa Insurance Inc. advise that you review your life insurance with the help of your insurance agent annually. This will ensure that you have the proper kind and level of coverage to offer maximum protection to your loved ones. If you have permanent life insurance, reviewing your policy at least once a year provides an excellent opportunity to ensure that it’s helping you meet your overall financial goals.
Are There Other Times That It’s Advisable I Review My Life Insurance?
Your life insurance needs are bound to change as your life changes. Therefore, it is good practice to schedule a life insurance review whenever there is a significant event in your life. Some of these major life events are getting married, buying a house, getting divorced, accepting a new job, buying a business, becoming disabled, retiring, refinancing your home, and becoming an empty nester.
One of the most overlooked reasons for planning a life insurance review is undergoing a change in health. If your health starts deteriorating, you should review your life insurance to increase your coverage and consider additional coverage opportunities. On the other hand, if your health improves because you have lost weight, quit smoking, started exercising, or have gotten your blood pressure under control, you can get a better rate. This also applies if you have a risky job like being a roofer or have stopped pursuing a dangerous hobby like mountain climbing.
Do you need exceptional life insurance coverage in Tulsa, OK? At Greater Tulsa Insurance Inc., we are here for you. Contact us today for a personalized life insurance policy.