Life Insurance Policy Reviews

Current Life Insurance Portfolio Review

A Life Insurance Portfolio review is designed to provide you with the following information:

• Is the insurance contract performing the way you originally planned? Many, if not most, older permanent life insurance policies have underperformed the owner’s original expectations.
• What will it take to get the policy back in line with its original objectives?
• Has the original purpose of the policy changed? Was the policy designed for income replacement coverage that is no longer needed?
• Was the policy for cash value accumulation that is no longer needed? If the policy is term insurance, can the policy be converted to permanent coverage?

The Fact of the Matter

Life insurance mortality costs are lower than in the past because people are living longer. Many life insurance policies can be replaced with very significant results. The amount of coverage may be increased, the premiums may be lower, or policy lapses can be avoided without adding additional premiums. And with the advent of long-term care riders, the entire death benefit can be used to pay for long term care expenses.

What if You No Longer Want Your Policy?

What is the most favorable “exit strategy”? If the policy has cash value, is there a taxable gain to consider and are there other alternatives for surrender. For older individuals, a life settlement may provide additional value compared to cash value in permanent policies and may even be considered for term policies!

For a complimentary policy review, please complete the form below and submit.

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