It's important that you regularly review your life insurance policy as you experience significant changes in your life. Ideally, you have to review your policy every 2-3 years in order to ensure that your current one can still adequately provide for your family's needs in case of an emergency.
But how exactly do you review your life insurance policy? We will walk you through the basic process of how do it in the list below, so if you're ready then read on.
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Optional: Hire a professional. The tips we shared with you above cover only the basic details of your policy, since it is easy to do on your own. However, for more complicated details, it pays to get professional help. This may include your solicitor, accountant or estate planner.
All in all, doing a review of your current life insurance policy is simple. All you need to do is familiarise yourself with your policy once again and find out if it is still adequate to cover your current needs.
If you need to upgrade your policy, or are looking to apply for one, talk to our consultants today. They will help you find the best policy for your needs by assessing your personal circumstances as well as providing you with rate comparisons of Australia's top insurers. Contact us today for more details!