Why you should get a medical check-up before reviewing your life insurance?

You are currently viewing Why you should get a medical check-up before reviewing your life insurance?

Aintree Group Wealth

Making informed decisions about your life insurance coverage is integral for financial security and peace of mind. 

And, before you make any changes to your life insurance cover, it is crucial to prioritise a full medical check-up. By doing so, you gain a comprehensive understanding of your current health status, enabling you to make informed decisions regarding your insurance needs. 

This proactive approach ensures that your coverage aligns with your financial plans and provides adequate protection for your loved ones.   

Here’s why it’s so important… 

Accurate Assessment of Health

A comprehensive medical check-up provides a detailed evaluation of your overall health. It includes tests and examinations that can detect underlying medical conditions or potential risks that may affect your life expectancy.

By understanding your health condition, you can ensure your insurance aligns with your medical needs.

Determining appropriate coverage

Life insurance premiums are based on several factors, including age, health, and lifestyle. If your medical check-up reveals an improvement in your health status, it could potentially lead to lower premiums or an opportunity to secure more extensive coverage at a similar cost.

Also, a full medical check-up allows you to reassess your insurance needs accurately and make adjustments accordingly.

Avoiding coverage gaps

Cancelling or reducing life insurance coverage without a comprehensive medical check-up can lead to coverage gaps or put you at risk of inadequate protection. Undiagnosed health issues could emerge or worsen, making it challenging to secure new coverage or increase premiums significantly.

A medical check-up will identify any potential health risks as soon as possible and ensure informed, continuous protection for yourself and your loved ones.

Financial Planning

Life insurance serves as a crucial component of your financial plan, providing support to your beneficiaries in the event of your passing.

By understanding your health status, you can make necessary adjustments to ensure that the coverage remains adequate to meet their future financial needs.

Peace of mind

A comprehensive medical check-up offers peace of mind. It allows you to take proactive steps to address any health concerns, seek appropriate medical treatment, and make informed decisions about your insurance needs.

Knowing that you have undergone a thorough evaluation of your health will provide confidence and reassurance, including that your insurance coverage is well-suited to your circumstances.

Is it time to review your insurance? Get in touch! 

Email | wealth@aintreegroup.com.au 

Phone | 03 9851 7999 

Website | aintreewealth.com.au