Reviewing Life Insurance Policies

Series Summary

Finance, whether personal or corporate, refers to money management. By creating a personal budget and managing money, one can organize personal finances to avoid debt caused by frivolous spending. When a surplus of money is formed, investing is an option that makes money work harder. Investing varies from low-risk certificates of deposit to high-risk stocks. Being smart with money can create a healthy savings for the future or retirement. In this free video series, a licensed insurance agent provides information on the basics of life insurance. Find out how to buy life insurance policies, how to save money on life insurance and how to become a life insurance underwriter. Learn how to make life insurance claims, discover the best life insurance policies, and get advice on how much life insurance is needed. All of the basics of life insurance are here in these free videos.

Video Transcript

"Hi, my name is Bill Rae. I'm a licensed life insurance agent, and I've been in the business for well over two decades. And the question is: How to review a life insurance policy. And boy, let me tell you, you've come to the right fellow for that. I am a huge fan in people sitting down and reviewing their policies. When you first buy a life insurance policy and your family is young and life is changing on you, you should sit down with your adviser at least once a year. There are many things that happen throughout your life that should cause you to, at least, pick up the phone and make mention of what is going on. For instance, maybe last year, it was just you and your wife. Now, this year, your wife had twins. Do you think you should call? You bet. As life gets along and things settle down, well, maybe every couple of years. But clearly, without a doubt in my book, an annual review is one of the smartest things you can do. Do you know that today, life insurance is one of the very few things that's actually dropped in price? So if you haven't reviewed that policy in a while, pull it out of the file, dust it off, and give me or your adviser a call. It's time to review. My name's Bill Rae, and I'm helping you build wealth."