New Year Check-Up: Make Sure Your Policy Is In Shape

A New Year means a new list of resolutions, and for many people, getting in shape is on that list. Being in shape is important, since it keeps you physically strong, makes sure you’re prepared to tackle things that come your way, and aids in an overall sense of well-being.  However, did you know that your insurance policy needs to stay in shape too?

Yep, you read that right.  Obviously, keeping your insurance policy in shape has nothing to do with fad diets, gym memberships, or hours spent “pumping iron”.  Keeping your policy in shape means re-evalutating it each year, and adjusting as needed.  Consider it a check-up of sorts for your insurance coverage.

Just like keeping yourself in shape, keeping your insurance policy maintained means you are keeping your financial state physically strong by preparing for whatever might be thrown at you in 2017.  Job loss (and subsequent loss of income), injury, illness, loss of a loved one, addition of children, purchase of a home/vehicle, etc. can throw you into financial turmoil if you are not properly prepared.  Also, much like staying in shape physically, keeping your insurance policies up-to-date means you will enjoy peace-of-mine (mental wellness) knowing that you are covered, regardless of circumstances.

So, what are some things you can do in order to give your insurance policy a “check up”?

• Evaluate any family additions from the past year and adjust as needed.  For example, the birth of a new baby means you probably need to add a life insurance policy, and you might need to adjust your own policy.
• Consider any loved ones that could potentially face a need for long-term care in the future. Prepare and adjust policies as needed to ensure they are covered when the time arises.
• Look at your current expenses and income.  Make sure any disability insurance coverage and/or coverage for loss of income will be adequate in the event of you being unable to work and earn your paycheck.
• Peek at your life insurance policies and make sure they are still adequate for the needs of your family.
• Contact your insurance advisor and let them help you give your policies an in-depth look so you can know that you are prepared for anything.

We are excited to start this new year with our valued clients.  If you are ready to invest in covering your family with needed insurance, give us a call or stop by our Winter Haven office.  We can help you evaluate your current coverage and determine what changes, if any, need to be made.  If you don’t have existing insurance, we can help you put together a plan that fits the needs and budget of your family, to ensure that you are ready for 2017.

Happy New Year from Carroll Marshall Insurance!