Your life insurance policy may be the most versatile and useful tool in your financial portfolio, and that doesn't mean you shouldn't purchase life insurance and forget about it. Keep a close eye on your life insurance policy and, when appropriate, use the living benefits the policy offers.

Conduct Yearly Policy Reviews

Annual policy reviews are a great way to make sure your policy continues to meet your needs. Schedule an annual policy review with your Ohio National Financial Professional to determine the following:

Is the policy's death benefit adequate to meet your needs? Did you have a child, purchase a home, change jobs or get married recently? Life changes such as these could impact the amount and type of life insurance you need.

Is the policy performing as expected? If your policy is permanent insurance, it accumulates a cash value. Discuss the projected and actual policy performance with your financial professional. For a universal life policy, are your planned premiums sufficient given your long-term insurance needs?

Use Your Policy's Cash Value

The cash value of a permanent insurance policy is an important living benefit. It can be accessed through income tax-free loans. A policy's cash value can help provide funds for:

Major medical bills;
The down payment or closing costs for a home;
College tuition expenses;
Major home or car repairs; and
Supplemental retirement income.

The cash value of life insurance offers a versatile and smart solution to all kinds of financial needs.

Take Advantage of Policy Riders

Your policy may include optional riders, which may provide you with additional benefits.

Waiver of Premium Riders provide that the required policy premium, or a set amount of premium, will be waived if you become totally disabled. Depending on the type of rider, a waiver of premium benefit can help ensure that if you become disabled your life insurance policy remains intact.
Chronic Illness Riders pay a portion of the death benefit if you are diagnosed with a permanent chronic illness and meet certain criteria. Similar riders may provide benefits if you are diagnosed with a terminal illness.


The contemporary life insurance market is way more extensive than a source of income for beneficiaries when catastrophe strikes. With a plethora of options, these plans offer you and your entire family peace of mind, and often give your money investment opportunity to allow you to enjoy the money invested during your lifetime.

Choosing the perfect life insurance plan depends as much on your financial needs as it does on your health class rating. We will assess all factors and guide you through every option until we find the perfect plan for you.

Cosmo Insurance Agency is knowledgeable in various options including but not limited to – term, ROP, permanent and whole - from over two dozen A rated carriers. We are familiar with the rate classifications that particular carriers use to determine the health class of enrollees – and there are significant differences between them. No matter what the results of your medical examination are, we will find the insurer that will provide you will the best rating class and thus the lowest premiums.

Employers, find out about our selection of group life insurance plans, which can help you greatly to attract and retain quality employees. Additionally, these can be a particularly appealing option for individuals with health challenges, as most group life insurance plans do not require a medical examination. Whether you want a basic group life insurance plan or life insurance with long term care benefits, Cosmo Insurance Agency’s life and health insurance agents in New Jersey will be there to guide you.


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