Add value to your neglected assets - Life Insurance Policy Review
Legal Compliance
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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Does a car or truck accident count as a work injury?
If an employee is injured in a car crash while on the job, they are eligible to receive workers’ compensation benefits. “On the job” injuries are not limited to accidents and injuries that happen inside the workplace, they may also include injuries suffered away from an employee’s place of work while performing a job-related task, such as making a delivery or traveling to a client meeting.
Regular commutes to and from work don’t usually count. If you get into an accident on your way in on a regular workday, it’s probably not considered a work injury for the purposes of workers’ compensation.
If you drive around as part of your job, an injury on the road or loading/unloading accident is likely a work injury. If you don’t typically drive around for work but are required to drive for the benefit of your employer, that would be a work injury in many cases.
If you are out of town for work, pretty much any driving would count as work related. For traveling employees, any accidents or injuries that happen on a work trip, even while not technically working, can be considered a work injury. The reason is because you wouldn’t be in that town in the first place, had you not been on a work trip.
Workers’ compensation claims for truck drivers, traveling employees and work-related injuries that occur away from the job site can be challenging and complex. At Krol, Bongiorno & Given, we understand that many families depend on the income of an injured worker, and we are proud of our record protecting the injured and disabled. We have handled well over 30,000 claims for injured workers throughout the state of Illinois.