Adequacy changes over time
Income, family size, liabilities and medical costs change. A policy bought years ago may no longer match the situation it was meant to protect.
Read beyond the premium
Exclusions, waiting periods, sub-limits and renewal conditions determine what actually happens when a claim is made.
Key Takeaways
- Cover that was adequate at purchase may not be adequate today.
- Exclusions and waiting periods deserve attention before a claim, not after.
- Nominee and contact details should be kept current.
- Policy Review
- Renewals
- Insurance Coverage
Want to understand how these concepts apply to your financial goals?
Talk to a Financial AdvisorInformation published by 365 Wealth is intended for educational and general informational purposes only and should not be considered personalized financial, investment, insurance or tax advice. Individual circumstances differ. Please consult an appropriately qualified professional before making financial decisions.