As an insurance agent with decades of experience, I’ve seen firsthand how a regular life insurance policy review can significantly protect your financial future. Just like you might seek a second opinion for a serious medical condition, it’s equally important to get a “second look” at your life insurance policy. The choices you made when purchasing a policy years ago might not align with your current financial needs, and a review can ensure you’re still on the right path. At One Stop Financial Group, we offer no-obligation policy reviews that could save you money and provide better coverage for your loved ones.
Why You Should Consider a Policy Review
Life changes, and so should your life insurance policy. Over the years, I’ve helped clients like [Sarah], who purchased a term life insurance policy in her 30s when her primary concern was mortgage protection. Fast forward 15 years, and [Sarah]’s mortgage is almost paid off, but her needs have shifted toward ensuring her retirement funds are protected for her children. After a policy review, we were able to help her transition to a policy that better suited her current financial situation.
Likewise, [John], a successful business owner, had a whole life policy for decades. During our review, we discovered an opportunity to convert his policy into a more flexible universal life policy, providing him with the same coverage but at a lower premium. A review can uncover gaps in coverage, overpayment, or growth opportunities you might not have been aware of when you first purchased your plan.
Life Changes That Could Trigger the Need for a Review
- Marriage or Divorce: If you’ve recently tied the knot or ended a marriage, your policy may no longer reflect the correct beneficiary information or coverage amount.
- Children: With the arrival of children or grandchildren, your family’s financial security becomes a higher priority. Life insurance needs often increase to cover future expenses, such as college tuition.
- Career Changes: A salary increase or decrease, or starting a new business, may affect your insurance needs. If you now own a business, you might consider adding a life insurance policy to protect your business interests.
- Health Changes: Improvements in health or smoking cessation could reduce premiums. On the other hand, if your health has declined, a review can help you explore guaranteed policies that don’t require a medical exam.
An Analogy: The Medical Second Opinion
Imagine you were diagnosed with a significant medical condition. Most people wouldn’t think twice about getting a second opinion, consulting another doctor to confirm the diagnosis and explore treatment options. Life insurance policy reviews are similar. You owe it to yourself and your family to ensure that you have the best possible coverage for your current situation.
At One Stop Financial Group, our reviews are free and without obligation. As an independent agency, we work with over 35 life insurance underwriters, meaning we aren’t tied to one particular company or product. This allows us to offer you the best possible options tailored to your specific needs and goals.
The Benefits of Working with an Independent Agency
When you work with an independent agency like One Stop Financial Group, you’re not limited to one company’s offerings. We can provide access to a wide range of policies from trusted companies like Nationwide, American National, and F&G Annuities & Life. We evaluate the best options across the board to ensure that you get the coverage that best fits your current lifestyle.
For example, [Mike] was paying high premiums for a term policy that was about to expire. After a review, we were able to help him secure a new policy at a lower rate while also providing a cash value component he could use for his retirement planning. This kind of flexibility is what makes working with an independent agency such a smart choice.
What Happens During a Policy Review?
When you schedule a policy review with us, here’s what we typically do:
- Assess your current policy: We’ll carefully examine your existing coverage, premiums, and any potential benefits or shortcomings.
- Understand your current financial situation: We take the time to learn about any major life changes, like having children, buying a home, or nearing retirement.
- Explore the market for better options: With access to multiple insurance underwriters, we look for policies that provide better benefits, more affordable premiums, or enhanced flexibility.
- Offer expert advice with no strings attached: Whether or not you decide to make any changes, you’ll walk away with a clearer understanding of your insurance options.
It’s Easy to Schedule Your Review Today
If you’re wondering whether a policy review is right for you, ask yourself the following:
- Has it been more than two years since you last reviewed your life insurance policy?
- Have there been any major changes in your life, such as a new child, marriage, or new financial goals?
- Are you approaching the end of a term life policy or worried about increasing premiums?
If you answered “yes” to any of these, it’s time for a review. Contact Marcel Lashover at One Stop Financial Group today for a free consultation. There’s no obligation, and the potential benefits could be significant for you and your family.
In Conclusion
Life insurance is not a “set it and forget it” financial tool. Your needs evolve, and so should your coverage. With access to over 35 life insurance underwriters and a deep commitment to your financial security, One Stop Financial Group is here to ensure your life insurance works as hard as you do to protect what matters most. Contact us today for a free, no-obligation policy review.
For more information on life insurance, visit Insurance Information Institute and National Association of Insurance Commissioners, both of which provide excellent resources on life insurance basics and regulatory information.
Whether you need a term, whole, or universal life insurance policy, Marcel Lashover is ready to help you secure peace of mind for you and your family. Reach out today, and let us help you confidently navigate your life insurance needs.
