I left there about 8 years ago. I now have my own agency with Farm Bureau Insurance of Michigan.

Recently I was in one of my client’s homes and discovered they have a policy from my old company.  I’ve seen a lot of those policies over the years.

Unfortunately,  I’ve seen a lot of people who have Bought Term and Blew the Difference.

Many people will start with an analysis of their financial needs, then they put a plan in place to get out of debt, save money for future goals and put some temporary (Term ) life insurance in place to protect their family until their goals are reached.

Now let’s “fast forward” ten years. The money they were going to save got spent on something and they’ve re-financed back into another 30 year loan because they put the plan in a desk drawer and haven’t pulled it out in many years.

So their term insurance is only going to stay at the low premium for ten more years and the client has no savings, they’re ten years older and have 30 years to pay on their home.

I’ve seen quite a few situations similar to this. Where do you start to correct this? You’ve got to start at the life insurance! Why? It’s the one element of the equation for which you could find yourself no longer qualified.

You could accelerate your loan, save money, make a new plan but the life insurance is not automatic. If the amount of life insurance you now have no longer will last as long as your loans or the face amount is no longer adequate, get started on making changes today.

I can be reached at 1-888-365-7553 or you can check out my website at www.SteveBedgoodAgency.com

I understand that people don’t really like to think about themselves or their loved ones dying. As I’ve asked people “How much money per month will your family need if something happened to you?” The common answer is “I’ve never really thought about it.”

Maybe that’s the reason people don’t do much with their life insurance policies or review their policies very often.

A short time ago I started calling some clients I had sold Term Life Insurance.  I would remind them they were 8 years into their 10 year policy or whatever the case was. Many of them hadn’t really thought about those policies since they were purchased.

What’s in your desk drawer? Have you had a review? Is your policy still adequate? Is it about to expire?

If you don’t have an agent any more,  let’s get together for a review.

Call me at (231) 744-9099 or start with a visit to www.muskegonlifeinsurance.com