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Monday, January 24, 2005
Patterson: Insurance checkups can aid financial well-being Although we are in the depths of a New England winter and you are housebound far more than usual, you may have somehow overlooked that it is "Get Smart About Insurance Week." The National Association of Insurance Commissioners and the Massachusetts Department of Insurance sponsors the week (Jan. 24-28) to educate consumers about insurance. Both organizations strongly recommend that you have an annual "insurance checkup" to ensure that you own the appropriate type of insurance and that you are paying the best price for the coverage. An annual insurance checkup entails a review of your designated beneficiaries, whether you have adequate coverage, whether your financial goals have changed, and whether your insurance products are the most competitive and cost-effective available. You also to need know that your insurance companies themselves are financially stable. Of course, major life events can change any or all of your insurance needs, which include automobile, disability, health, life and long-term care: Read Full Story |
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