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Financial Health

for Healthcare Professionals

Do You Get a Physical Once a Year?

Do You Bring Your Car in for Service Once a Year? Do You Have

Your Life Insurance Independently Reviewed Once a Year?

A life insurance policy is a legal agreement Since there are so many life insurance compa-
between the insurance company and the owner nies offering their own contractual obligations,
of the policy. Very often it has provisions and it is very important to independently review
options that must be managed. If not the owner your contract. You go to the dentist because you
of the policy can lose valuable rights given to can’t see under your gums, you go to your doc-
them. tor because you can’t see inside your body and
Often, after the policy is purchased it goes into you have your life insurance policy reviewed
a draw. For example, many term policies have because you can see the internal costs of your
very specific dates to convert to a permanent policy
policy without evidence of insurability. Many
policy owners miss this window due to a lack of For more information, please contact Howard
paying attention to important dates. Wolkowitz at HWolkowitz@
All life insurance policies are based on mycoastalwealth.com or (954) 558-3673.
assumptions outlined in a multiple page illustra- BY HOWARD
tion. Sometimes these illustrations exceed 30 WOLKOWITZ, The opinions above belong to Howard Wolkowitz and
pages. Do you think this is because they want to FINANCIAL ADVISOR the information contained herein does not necessarily rep-
resent the opinions of MassMutual or its affiliated broker-
protect you or themselves? The answer is both. & AUTHOR, dealer MML Investors Services, LLC. . All information is
The assumptions are current, or projected THE HEALTH OF believed to be from reliable sources; however, MML
earning rates, mortality and expense costs, pay- Investors Services, LLC makes no representation as to its
ment amounts and timing of payments and med- YOUR WEALTH completeness or accuracy.
ical underwriting ratings.
Since you purchased your policy, your health may have MassMutual Financial Group is a marketing name for Massachusetts Mutual
improved, you may have stopped smoking, the earning projec- Life Insurance Company (MassMutual) and its affiliated companies and sales
tions may have decreased, you may have under funded the con- representatives. Securities, investment advisory, and financial planning services
offered through qualified registered representatives of MML Investors Services,
tract, the internal expenses may have increased or your need LLC. Member SIPC (link to www.sipc.org). OSJ: 1200 S Pine Island Rd., Suite
for a particular type or amount of coverage may have changed. 350, Plantation, FL 33324. CRN202004-227479.

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South Florida Hospital News southfloridahospitalnews.com May 2018 5