{"id":3178,"date":"2023-06-28T06:00:00","date_gmt":"2023-06-28T06:00:00","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?p=3178"},"modified":"2024-06-28T16:44:29","modified_gmt":"2024-06-28T20:44:29","slug":"recognize-national-insurance-day-june-28th-by-reviewing-coverage","status":"publish","type":"post","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/recognize-national-insurance-day-june-28th-by-reviewing-coverage\/","title":{"rendered":"Recognize National Insurance Day \u2013 June 28th \u2013 by Reviewing Coverage"},"content":{"rendered":"
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Recognize National Insurance Day on June 28th by Reviewing Coverage<\/h2>\n

On June 28th<\/sup>, the nation will celebrate National Insurance Day. This day is worth recognizing as insurance plays an important role in providing vital financial protection. From life and health insurance to voluntary benefits and property and casualty policies (i.e., home, auto, boat, etc.), it is important to take the time to review coverages in these areas and ensure that they meet current needs. Life is not static. It is continually changing \u2013 marriages, births, illnesses, new home, etc. \u2013 all can trigger a need for a change in coverage or additional insurance policies. National Insurance Day is a good reminder of the importance of annual insurance reviews.<\/p>\n

Contact Your Broker\/Agent<\/h3>\n

To make sure you have adequate insurance coverage, start by contacting your broker and arranging a meeting to discuss any life changes that may need to be addressed with adjustments to existing policies and\/or the addition of new policies. A broker can lend expertise and explain the role of each insurance product; its features and cost factors. Additionally, this insurance professional will raise the right questions to best ascertain whether or not your current coverage is adequate or whether face amounts on policies need to be increased. Perhaps you were married and now want coverage for a spouse. Or maybe you were blessed with a baby and want to start a life insurance policy for your child. A job promotion may have you thinking about increasing face amounts on income protection policies. Or, if you are a decision maker in a business, union or other organization and your employee composition has changed (e.g., more millennials and fewer baby boomers), you might want to consider expanding your suite of voluntary benefits (e.g., accident, critical illness, disability, dental, legal, portable term life, whole life, etc.) to better accommodate your employees. <\/p>\n

Gain Insurance Knowledgeable <\/h3>\n

As important as it is in providing financial protection, insurance continues to be shrouded in misconceptions which often prevent an individual from purchasing essential coverage.  Among the most common myths that prevail about life insurance are:<\/p>\n