Our Life Insurance Review program is a thoroughly objective evaluation of your current life insurance coverage. The process is designed to determine whether your policy’s performance is in line with your goals and expectations, which often times have changed since the original purchase of the coverage.
If we conclude that the existing coverage may not be meeting your needs or performing as expected, the next step is to determine whether more cost effective or enhanced coverage is available to you. It has been our experience that in the majority of cases, the potential for improvement is discovered and we have the opportunity to present clients with options. These may include an increase in death benefit at current premium levels, a reduction of premiums while maintaining the same coverage, or extending guaranteed coverage periods.
A number of factors including longer life expectancies and increasingly competitive and innovative product design features have led to a transformation within the life insurance industry in recent years. We are committed to ensuring that you have the opportunity to benefit from the most up-to-date medical underwriting and product enhancements.
Our expertise includes working closely with
- Individuals as life changes through marriage, raising children, careers and retirement. Insurance once needed for a certain purpose may no longer exist.
- Businesses using key-man policies, and other executive life insurance policies for various strategic reasons. Changes through retirements, termination, sale or acquisition of businesses can change the needs for these policies.
- Non-profit organizationswho often receive life insurance policies as donations. Policies should be reviewed regularly to ensure continued performance or consider alternatives. There are often short term and long term solutions that could benefit the non-profit but, does require regular oversight by professionals with this expertise.
