How to Fix a Common Client Problem: Too Little Insurance Protection
Is your life insurance coverage sufficient? Many people underestimate what a surviving family needs in order to continue living a comfortable life. Often it is not until a life-changing event that clients ensure their coverage is adequate. In fact, due to Covid concerns, life insurance policy sales grew 5% last year resulting in the largest annual increase in decades.
Recently, our CIO Matt Saneholtz was quoted in FinancialAdvisor.com, emphasizing the importance of regularly reviewing existing insurance coverage to avoid an unpleasant surprise when it is needed. “Flexible premium life insurance policies bought a long time ago may be based on assumptions that are not applicable today.”
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