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With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.
The Importance of Annual Audits on Life Insurance Policies
Getting life insurance is a complex decision. You know you need it, but you need to know you have the right kind, the proper amount, and the company most suited to your needs. Insurance companies don't make these decisions easy, because they do not explain everything to you that you need to know. You're left on your own to decide if you need whole life, term life, or universal life, and what amounts and premiums are best for you and your family. Some people don' even buy life insurance at all because they think it will be more expensive than it is. They are purposely taking a chance on not needing it to save money, when they could get the security of coverage for much less money than they imagine policies cost. This is not to mention the millions of people every year who do not buy life insurance policies that are the best type for them. The do this because they do not know what type is best for them. Whether you already have a life insurance policy or are considering buying one, you should get an audit with an insurance professional. If you already have a policy, an annual audit is important to make sure your policy is still the one you need, or if you need to change it. Your life insurance needs change as you get older, as you have children, whether you are currently married or single, whether you have gained (or lost) any assets, and a variety of other reasons. When you get an initial audit, you will be sure you get the right kind of life insurance right off the bat. With an annual audit, you will be sure you always have the best policy for you.
William Jordan
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