Staggering in Life (in a good way)

I have had more than one client bring their 10- or 20-year level term life insurance policy to me with less than a year left on the term, wanting me to write them again. I’m always happy to help, but sometimes ‘waiting until the proverbial 11th hour’ can cause some problems. Sometimes there has been a change in health. And many times, the years have come with a few pounds or some new medications–all of which can impact the renewal rate.

It’s a better strategy to buy several smaller term policies and stagger their termination dates so that ‘not all your eggs are in one basket.’ It gives you a lot more upside if there is some health or lifestyle change.

To learn more about your current life insurance policy, term or whole life, contact Gordon Smith at St. Joseph Agency at 317.564.4949 or