“Resources that may help you with your money and planning decisions”


Some of our favorites

The stakes are high in careful planning.

As an additional resource, we offer a complimentary review of your existing life insurance, and annuity policies. There is no charge for this service. 

We find that most people who complete a thorough review find out contract options or stipulations that they were not aware of.

Having a sound plan for your long term financial security is as important as managing your health.

Don’t forget to review your current insurance policies periodically

It is important to review an insurance policy on a periodic basis. All too often we set insurance policies aside in a file drawer and forget that some items in them need to be updated or re-visited from time to time.

The easiest way to organize and review your insurance policies is to create a one-page policy summary for each policy. Most insurance policies contain a page in front of the insurance contract that is called a declarations page or policy summary. It will contain some of the information you will want to review.

To get started, review the following basics:

  • Type of policy – life, health, annuity, long term, cancer, etc.
  • Insurance Carrier – Who is the insurance company that provides the insurance? Also, keep track of the customer service telephone number, or agent number you can call.
  • Policy Number – You will always need your policy number when you call and ask questions about an insurance policy.
  • Date Issued – It is important to know the date of the insurance was issued, especially when it comes to life insurance, as term insurance has an expiration date, and permanent insurance may have a surrender charge that may apply if you cancel the policy in the first five – fifteen years or so. Term life insurance policies should be reviewed carefully for options known as “conversion options.” These options will expire at some point and should not be ignored.
  • Premium Required – Always keep track of the premium you pay and how often paid and when due. If the policy is paid up as in a whole life or annuity, you will want to note that and write “no premiums are due.” 
  • Insured – Who do the benefits apply to; you, your spouse, or dependents?
  • Beneficiary – For life insurance or annuities, who is the beneficiary? This is an opportunity for you to re-visit your designations considering your current estate plans. An insurance company and your agent can help you with this process. This is an area of planning that needs particular close attention. Your contract will have written options that may effect your plans.