Life Insurance Policy Reviews Gainesville Florida FL
Reader’s Question:
I’ve been told by a representative from my life insurance provider here in Gainesville, Florida that they will do a review of my policy free of charge, is this legitimate?
Kilmer
Gainesville, FL
Good point. Life insurance agents or representatives are known to do periodic reviews of their policyholder’s life insurance agreements and yes, it is perfectly legitimate for them to do so. This may be done to update their records as well as make any necessary changes on your policy to better reflect on your needs. This may also uncover gaps and discrepancies on your insurance coverage that you might not have been aware of. This may be as an added service that your policy there in Gainesville, Florida has.
Of course, no company does anything completely free right? So this may also be a strategy of your life insurance company or agent to either offer you a better life insurance plan, or a different, usually more expensive, policy all together. In any case, you should make it quite clear that you should not be under any sort of obligation to purchase any additional services or products from your life insurance carrier, should you decide to accept their offer to review your policy. If you could get that in writing, that would even be much better. Tell that to the life insurance rep and their reaction would almost always reveal the real reason they are offering you this free policy review.
Just to let you know though, reviewing your policy from time to time might not be such a bad idea at all. An even better suggestion would be to get free life insurance quotes from this website so that you can compare your rate with that of other providers and know if you still have a competitive policy.
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