FAQ's

A life insurance policy review with an independent agent ensures your coverage keeps pace with your evolving financial needs, family changes, and market conditions. Because independent agents aren't tied to a single company, they can objectively assess your policy and compare offerings across dozens of different carriers.

Here are some examples of the faq on policy(s) review:

Q: Why should I have my life insurance reviewed?

A: Your life circumstances change, and so should your protection. Reviews help identify gaps in coverage, ensure your beneficiaries are correct, prevent policies from lapsing, and can potentially lower your premium if you qualify for better health ratings or if market rates have dropped.

Q: How often should a policy review occur?

A: It is a best practice to review your policy at least once a year. You should also trigger an immediate review if you experience major life events, such as getting married, having a baby, buying a home, or retiring.

Q: What exactly does an independent agent check during the review?

A: An agent will evaluate several core aspects of your existing coverage:

• Adequacy of Coverage: Is the death benefit still enough to cover your dependents' needs, debts, or mortgage?

• Policy Performance: If you have a permanent or universal life policy, the agent will check if it is building cash value as originally illustrated.

• Beneficiaries: Ensuring your primary and contingent beneficiaries align with your current wishes.

• Market Competitiveness: Verifying if your current rates and fees are still competitive compared to other products available in the market.

& more

Q: What are the benefits of using an independent agent for this review?

A: Unlike "captive" agents who only sell for one specific insurance company, an independent agent offers a broader perspective. They can shop the market for you, help you take advantage of new underwriting guidelines, and provide an unbiased assessment of whether you should keep your current policy or make a switch.

Q: Does a policy review mean I have to buy a new policy?

A: Not necessarily. Many policy reviews show that you are on track and that your current policy is exactly what you need. The review is designed to provide information and peace of mind, though it may reveal opportunities to optimize your coverage if your needs have shifted