Are You Prepared for 2010?
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As you approach the end of 2009 you should begin to prepare for the New Year. Looking back over the past year, there have probably been many changes in your life. Often with change comes a need to adjust future plans. So, it is important to remember to review your insurance contracts and policies to ensure they are up to date. This is the perfect time to meet with your insurance advisor to review your policies for accuracy.
Are the beneficiaries listed on your policies current? Are there any additional beneficiaries that we should add? Has your life insurance policy been reviewed? What will your CD renewal rate be? Should you look at moving your funds from a CD into an annuity? Annuities typically offer higher interest rates than CDs in exchange for a slightly longer term to hold with the insurance company.
Has your income plan been reviewed lately? Are your contracts still on track to return the necessary amounts to reach your income goals? Have your income needs changed over the past year? If so, your plan may need an adjustment. These are just some of the questions you should ask yourself and speak to your insurance professional about any questions or concerns you may have.