What is included

A life insurance policy review by an independent agent is a comprehensive check-up to ensure your coverage still aligns with your financial goals, budget, and family needs. It typically includes a thorough assessment of your current coverage, an evaluation of your policy's financial health, and personalized recommendations for adjustments.

Here are examples of the process:

1. Needs Analysis

• Life Changes: Evaluates major milestones like marriage, the birth of a child, a new mortgage, or career changes to determine if you are under-insured or over-insured.

• Current Obligations: Calculates exactly how much coverage you need to replace your income, clear debts, fund future expenses, goal(s) etc.

2. Policy Performance Check

• Cash Value & Dividends: Analyzes how your policy's investments, cash value accumulation, or interest rates are performing.

• Premium Sufficiency: Checks if your current premiums are on track to keep the policy active for your desired timeframe.

3. Ownership and Beneficiary Audit

• Beneficiary Designations: Ensures your primary and contingent beneficiaries are up to date.

• Policy Ownership: Reviews whether trusts, spouses, or individuals should own the policy to optimize for estate planning and tax efficiency.

4. Market and Carrier Comparison

• Competitive Analysis: Because independent agents aren't tied to one company, they will shop the broader market to see if you can get better rates, higher coverage, or features better suited to your needs.

• Carrier Health: Assesses the financial stability and claims-paying ratings of your current insurance carrier.

  
  

& more