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Life Insurance Policy Review
Life insurance is a financial instrument and, like any other investment, it needs to be managed in a changing market. Additionally, there is a whole new generation of life insurance products available today. Various published articles - and our experience - show that up to 70% of all life insurance policies are under-performing with respect to their original assumptions, and especially in comparisons to new products. Managing an investment involves checking its performance against what is available in the market. It also means checking if it is still in line with the investor's changing goals.
Policy Audit
A Policy Audit consists of analyzing a client’s life insurance holdings to determine if they are performing well or need to be restructured or replaced by a better life insurance product. In conducting an audit, we obtain an in-force ledger of the current policy, perform a thorough analysis of how it is performing, consider whether it is in line with the client's current needs, perform a preliminary underwriting process, then develop illustrations for current competitive products and submit our findings and recommendations in a formal, organized, certified presentation.
Life Settlement
A Life Settlement is, quite simply, the sale of a life insurance policy. Traditionally, when the fundamental need for life insurance disappears because of changing circumstances, policy-holders have had two basic choices: surrender the policy for the cash value or let the policy lapse. Now, policyholders and their financial advisors have a powerful, new option! The sale is done in the secondary market and can provide a life insurance client who is within 10-15 years of his/her actuarial life expectancy the opportunity to sell their existing life insurance policies and to receive a cash amount in excess of cash surrender value.
Life Insurance Solutions
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