Don’t ‘Set & Forget’ Your Life Insurance
When it comes to personal insurance, all too often we have a ‘passive’ or 'set and forget' approach. This is potentially very dangerous. If your personal situation has changed, if your needs, goals and objectives are different, then your Life Insurance, income protection insurance and trauma insurance needs to be reviewed.
If your personal situation has changed, if your needs, goals and objectives are different, then your insurance needs to be reviewed.
Take 10 minutes to reflect on if and how your personal situation has changed over the last 12 months. If you answer yes to any of these 10 simple questions, you should review your current Term Life Insurance arrangements.
- Has my health changed?
- Have I taken on more debt?
- Have I paid off debt?
- Has my job changed?
- Have I returned to work?
- Have I had a salary increase?
- Have I got married, engaged or started a new relationship?
- Have I had children?
- Have any of my children turned 18?
- Have any of my children started high school or university?
If you ever need to make a claim you want your insurance to meet your expectations. Research has shown that many people do not properly understand the insurance they have within superannuation and some are significantly underinsured. Don’t just assume that the insurance you took out 10 years ago is still relevant to your needs. The best way to ensure that you have the appropriate cover in place is to be an ‘active’ insurer.
- Take time once a year at least to review your personal situation
- Seek the advice of an insurance professional
Life Insurance is an investment in your future. Don’t be passive.
xLife can help protect you, your family and your assets. We offer a free yearly review service where we look over your personal insurance to ensure it always covers your changing needs throughout your life.
Contact xLife to find out more or to receive a free Life Insurance Quotes.
Exclusive Offer! Call xLife on 1300 135 205 today and
save up to 20% on your first year’s life insurance premium.
September 2009
