Add value to your neglected assets - Life Insurance Policy Review
Legal Issues
During a life insurance policy review, you should look at your current coverage and beneficiaries and decide if any adjustments should be made. A Life Insurance Policy Review can be incorporated into initial planning or regular reviews when significant life changes have occurred. Factors that can impact changes to your life insurance needs can include marriage, divorce, health status changes, buying or selling a house, having children, and paying off debt.
It's important to review your life insurance policy annually or more frequently to ensure your policy is set up to adequately protect your loved ones after your death. When conducting an insurance Policy Review and presenting options that include replacing an existing insurance contract, it is important to discuss the risks and benefits.
You should conduct one after any major life events involving changes to your family, health, or finances. Significant life events that impact your family, health, or finances can change how much life insurance coverage you need and who you want as your beneficiaries. The amount of life insurance coverage you need, and who you want as your beneficiaries, depends in part on the people who count on your income to cover their expenses.
If you or a loved one experiences a significant improvement or decline in health, it could increase or decrease the amount of coverage you might need. You can review your life insurance by checking the hard copy of your policy, logging into your online account with the insurer, or talking directly with an agent.
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If you were injured in a work-related accident and have been researching workers’ compensation, you may have seen it described as a “no-fault” system. One of the most important things to understand about the workers’ compensation system in Illinois is that it is based on a “no-fault” system. What does this mean, exactly?
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In Illinois, even though you don’t have to prove that your injury was your employer’s fault, you do have to prove that your injury happened at work or as a result of work. If you would like help to file your workers' compensation claim, Krol, Bongiorno, & Given’s experienced workers' comp lawyers are here to help. With over 60 years of combined legal experience, the KBG law firm is a leader in the field of workers’ compensation law and we have earned the reputation as aggressive advocates for injured workers before the IWCC.