Reviewing Your Health & Life Insurance Policies?
Download our "2024 Health & Life Insurance Review Checklist":
Health Insurance
- Married Couples: Evaluate if separate health coverage or a single comprehensive plan is better.
- Policy Shopping: If you are self-paying, reassess annually for better options.
- Medicare: Ensure annual review and creditable drug coverage or Part D selection to avoid penalties.
Life Insurance
- Employer Coverage: Check for changes in employer-provided life insurance options or limits.
- Permanent Policies: Review policy performance and dividend applications.
- Term Policies: Assess remaining term and whether current needs have changed.
Disability Insurance
- Employer Coverage: Verify any changes and adequacy of employer-provided disability insurance.
- Additional Coverage: Ensure Social Security and personal savings meet potential needs, or consider extra insurance.
Long-Term Care Insurance
- Policy Review: Confirm appropriate services, benefits, and riders like inflation protection.
- Premium Changes: Investigate other options if there's a significant premium increase.