Insurance Policy Review

Why Complete a Policy Review?

  • Policies bought years ago may not coincide with current goals.
  • Financial goals may have changed.
  • Family changes may have warranted a review of amounts, beneficiaries, and/or ownership changes.
  • Term policy premiums may soon increase.
  • Cash Value Policies may require additional premiums to maintain coverage.

Is An Insurance Policy Review Right for You?

  • Unanswered questions about benefits?
  • Recently married or divorced?
  • New child or dependent?
  • Home purchase?
  • Started, currently own or sold a business?
  • Retired?
  • Planning on the transfer of your business?
  • Received an inheritance?
  • Support of anyone with special needs?
  • Support of an elderly family member?
  • Funding higher education?
  • Death of a spouse or loved one?

Steps to Complete an Insurance Review

  • Collect copies of all personally owned policy statements.
  • Collect details about employer provided coverage and benefits.
  • Call you financial advisor to set an appointment to review goals and coverages.
    • Your Advisor will set another appointment to review his/her findings such as:
      • beneficiaries may need changing or updating.
      • coverage amounts may need adjusting (up or down).
      • new policies may provide enhanced benefits.


 
All Life Insurance policies have limitations, exclusions, charges, termination provisions and terms for keeping them in force. Guarantees are based on the claims paying ability and financial strength of the issuing insurance company. Please contact your financial professional for complete details.
Pursuant to IRS Circular 230, I am providing you with the following notification: The information contained in this website is not intended to (and cannot) be used by anyone to avoid IRS penalties. This website supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor.
I may not give legal or tax advice. Any discussion of taxes herein or related to this website is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances.