Review
When was the last time you reviewed your life insurance policy? If it’s been more than two years, your coverage may not be enough to meet your family’s needs.
The right life insurance can help you at any stage of life.
Lincoln Benefit Life offers a variety of policies that may be suitable to help meet your changing needs
How much life insurance coverage is right for you? Our financial needs calculator can get you started.
Life changes. Your insurance should too.
The following are important details you will want to evaluate with your financial representative.
- Policy Benefits – Do you have too little or too much coverage?
- Projected Rate of Return – What cash values can you expect? If you surrendered your policy, how would it affect your taxes?
- Level of Guarantee – Is a guaranteed premium or a guaranteed death benefit important to you?6
- Beneficiaries – Who should receive the proceeds of your policy? Does your current policy accurately reflect your wishes?
- Current and Future Income Needs – How much future income is needed? How long would your beneficiaries need this income for daily living expenses?
A regular two-year review is a good idea, but some events could trigger a need for revision even sooner. Consider whether you’ve had a change in any of the following:
- Income (promotion, job change, inheritance)
- Family (birth or adoption, child leaving home, marriage, divorce, death)
- Health (losing weight, quitting smoking, other notable health changes)
- Home (buying or selling a home, paying off a mortgage)