Overview

 

Life Insurance may well be one of the most important assets within an estate – whether it is owned by an individual, a business, or part of overall estate planning. That being said, it is an asset that is generally not evaluated, reviewed, or appraised on a consistent and comprehensive basis.

 

We believe some life insurance policies can be improved upon once a thorough, detailed, and unbiased analysis has taken place.

 

 

What Has Changed in The Insurance Industry

 

Is the policy in danger of lapsing prematurely?

Unfortunately, many consumers are unaware that their “permanent” life insurance policies are in danger of expiring before the insured’s death. In these instances, it is important to inform the insured of the potential that a policy may expire earlier than expected.

Is your client paying too much for insurance?

Many times declining interest rates and changes in the economy mean that your client could receive the same coverage for a lower premium.
 

Can your client increase coverage and/or reduce the cost of current coverage?

Often the assessment shows that your client has the option of either paying less for their coverage or continuing their payments while significantly increasing the amount that they leave to the people and causes they care about.

 

Is your client’s policy performing as expected?

About 40 percent of the reviews we conduct reveal a policy performing as originally intended. In these cases, the report will recommend continuing the policy “as is” unless the client’s needs have significantly changed.

 

How it Works and What's Included in The Policy Review

 

Step 1: Complete the brief data sheet and authorization

 

The brief data sheet and authorization gathers the information necessary to ensure that our analysis is accurate. It includes a brief health questionnaire and authorization form.

 

Step 2: We compile all information on current policies

 

Your client’s authorization allows us to use our relationships with insurance carriers to contact them directly and gather any information necessary to complete the report. We keep you updated on our progress while we gather the data required for a thorough analysis.

 

Step 3: We thoroughly analyze your client’s situation

 

There are different preferences and purposes for life insurance, so each report is unique to your client’s goals and objectives. Our in-house experts analyze every detail of your client’s existing coverage and identify issues that may be important to them. In addition, we search all of the top insurance carriers to see if there are better solutions your client may want to consider.

 

Step 4: The report is delivered directly to you

 

Our final report is delivered directly to you so that you remain in control of how the information is delivered to your client. We are available to walk you and your client through any recommendations.

 

 

More Information

 

Policy Review Microsite

 

Policy Review Form

 

Policy Review Client Piece

 

Quick Income Needs Estimator

 

10 Common Mistakes of Life Insurance