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Consumers should review life insurance carefully

Posted On Mon, October 26, 2009

When looking at options for life insurance, consumers should keep in mind what interests companies have when they are evaluating possible policies.

In a recent column from the GateHouse News Service, John P. Napolitano, CEO of U.S. Wealth Management, noted that consumers should go with independent advisors or brokers when doing an evaluation of a life insurance policy.

"For the most part, those offering to do this review for you are life insurance companies themselves or their agents," Napolitano wrote, "As you may expect, if there is a better solution that they can offer you, they want to sell you their product."

While reviewing a life insurance policy, consumers should also consider whether their needs have changed regarding the kind of coverage provided. Napolitano recommends that consumers take part in medical underwriting in order to get the most accurate life insurance quotes.

According to the Insurance Information Institute, there are a number of reasons why a person might consider changes in their life insurance policy. For example, getting married or having children are instances when a review of life insurance is probably appropriate.

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