Six Insurance goals for 2020

There’s just something about the turn of a decade that’s really momentous. But as the year goes on and the excitement towards your resolutions slowly wanes, it can be easy to let even important things such as insurance slide by the wayside.

Here are some goals to set to ensure that your insurance is on point for 2020.

Get some advice

Make insurance advice a priority. We can help you work out what you have, what you need and how it should all work together. We can also help ensure that you’re getting the right combination of value and cover for the money you’re spending.

Schedule a review

If you haven’t talked to us lately about your insurance policies, it might be time to pick up the phone.

It’s a good idea to check in every year or two to ensure that everything is up-to-date and providing the cover you need. This is especially important if there have been changes in your life – perhaps you’ve married or have had a child. You may find a different type of cover meets your needs even better than the policies you currently have.

Read your policy documents

How well do you know what your policy entails? Having a refresher can be helpful. Read through your policy documents and be sure to give us a call if you have any questions. We can help you fully understand what you’re covered for and how you could expect each policy to respond to a claim.

Also, keep all the documents together in a safe place so that you can easily refer to them should you need to.

Add your kids

Getting cover for your children is an affordable way to protect their financial future, and by starting your kids off with insurance young, they won’t have to worry about pre-existing conditions down the line.

Many insurance policies, particularly trauma and health cover, allow you to add your kids to your policy relatively cheaply, or even free. Please get in touch to discuss your needs.

Lock in some level (if it’s appropriate)

Depending on your situation, you may want to look at locking in some level premium personal insurance policies. Unlike stepped (age-related) premiums, level premiums start higher but don’t increase in price as you get older. This can be particularly helpful if you have policies that you expect to want to hold for a long time, like life insurance. Once again, please get in touch to find out whether or not level premiums are right for you.

Talk to your family

Does your family know what cover you have in place? It’s important that you share the details – and tell your family who your adviser is – so that if something were to happen to you, they’d know what to do to start the claim process.

We look forward to meeting you

Remember, we are to help. If you want to check the policies you already have in place and perhaps find something new or more appropriate for your situation, please give us a call at your earliest convenience.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.