Review of existing contracts
Institutions and their products keep evolving — and so do the times, your life situation, and your health. Regular review of existing contracts gives you a clear picture of quality, cost, and how things are set up — and often unlocks better, more efficient terms with the same or even stronger protection.
Mnoho ľudí má roky uzatvorené zmluvy, ktoré nikto neprehodnocoval. Medzitým prišli nové produkty s nižšími poplatkami, vlastná situácia sa zmenila a niektoré krytia už nezodpovedajú reálnym potrebám. Cieľom kontroly nie je „prepoistiť všetko nanovo", ale objektívne posúdiť, či to, čo platíte, dáva ešte zmysel.
What does the contract review cover?
- an inventory of all your contracts in one place
- comparison of your current terms with what the market offers
- checking insured amounts and scope of cover
- spotting duplicates and unnecessary add-ons
- reviewing the fee structure of each product
- analysis of whether switching would actually pay off
- clear recommendations on what to keep, adjust, or replace
Which contracts are worth reviewing?
In practice, the review covers most long-term financial commitments.
- Mortgages and loans
- interest rate, fixation period, APR, loan insurance
- Life and accident insurance
- scope of cover, insured amounts, exclusions, waiting periods
- Property and household insurance
- asset value, risks, assistance, deductible
- Investment and savings products
- yield, entry and annual fees, liquidity
- Pillar II and Pillar III
- choice of the right pension company (DSS), fund, contribution level
Why regular reviews matter
Both the market and your life change faster than most people manage to keep up with.
Most common findings during a review:
- outdated terms compared with current products
- insured amounts that no longer match today's commitments
- duplicate cover across two or three policies
- add-ons the client doesn't actually need
- more favourable terms elsewhere for the same scope of cover
When is the right time for a review?
I recommend a check every 2–3 years — and any time one of these changes happens:
- svadba alebo narodenie dieťaťa
- buying a property or taking out a new mortgage
- a significant change in income
- starting or closing a business
- a change in health status
- an upcoming mortgage refixation
Most common issues I uncover during a review
- the client is paying for add-ons they didn't know about
- old investment-life-insurance contracts with high fees instead of real protection
- underinsured property after its value has gone up
- the Pillar II fund doesn't match the client's age or horizon
- a mortgage with a rate 0.5–1% higher than what's available on the market
These details — at the same monthly cost — translate into real thousands of euros saved over the lifetime of the contract.
An individual approach, without unnecessary changes
The point of a review isn't to sell you a new product — it's an independent look at what you already have. Sometimes the best result is confirming that your contracts are well set up and nothing needs to change. Other times, a small adjustment delivers significant savings or better protection.
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