The TK Advisor -TK Financial Group Ottawa Blog about Life Insurance, Critical Illness Insurance, Wealth Management and Estate Planning

Insurance Audit is your annual check up !

How many of us go for our regular physical check up with our doctor ? How many of us review our : wills ? Shareholder agreements ? Corporate structure ? Investments ? Critical Illness insurance ? Disability insurance ? Life insurance ? People get busy living their life that they forget to review their life insurance contracts because it is quite frankly boring for them as well as they do not want to think about potential catastrophes ! Does your advisor contact you at least on a annual basis to offer a audit ? If not why not ?

Insurance Audit can save you a lot of money !

You may be turning a blind eye to premium savings and money which would be in your  pocket . We get introduced to many new people learn from our audits how to save money. Why ? They do not have a full knowledge for what they are actually covered for under their policies and thus  they are paying premiums for coverage they do not need . A number of years a go , we completed an audit for a corporate individual who was paying over 24 k per year into policies that were no longer needed as the business needs were no longer needed due to shareholders being bought out . Just this week , we had advised a professional client to cancel his association insurance which was no longer needed , 750 dollars of premium a month , and since last September he forgot to do that . We discovered his error while completing a review which we do for clients on a regular basis . ARE YOU LOSING VALUABLE DOLLARS ?