When To Modify Your Life Insurance Policy

A change in your finances or living arrangements could influence how much life insurance you need. Review the tips below to familiarize yourself with policy modifications.

Insurance Overview

Contact us at Halabicky Insurance Group serving the greater Brighton, MI community. Our agents will consult with you about your existing coverage. You can set up a time to meet with the agent during a standard office visit, online, or over a phone call. An overview of your existing coverage will help the agent determine if adjustments need to be made to the policy. 

Life Changes

Changing jobs, moving, or encountering the death or birth of a family member may influence how much life insurance you need. Before you meet with our agents face-to-face, compile financial records and other documents that may substantiate the need to modify your policy.

During your meeting, you can provide the agent with the documents that you have gathered. We will ask some questions about your living situation and finances. After the interview, the agent will advise you on the coverage modifications that will be beneficial.

Insurance Documents

Once you and the agent have verbalized the changes that will be made to your insurance policy, new insurance documents will be prepared. You will be required to read over the documents.

If you have any questions about your coverage, you should ask them before you sign the insurance paperwork. You will receive a copy of the insurance paperwork. Keep this copy with other important papers. The insurance papers should be stored in a safe or another place that will keep the documents protected.

Call Today To Discuss Your Options

If you have any other changes that will require your insurance to be modified, contact us at Halabicky Insurance Group in Brighton, MI.