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Category:
Insurance Planning

Purchasing Life Insurance Issues

What Issues Should I Consider When Purchasing A Life Insurance Policy?

Life insurance is key to comprehensive financial planning, whether it serves a traditional risk management function or is put to another use. In the course of a client relationship, you will likely analyze the need to purchase a new life insurance policy at several points. This can be of particular importance with new clients who may be uninsured or underinsured and need to protect their loved ones.

To help you guide your clients through an introductory life insurance conversation, we have created this checklist. It covers key considerations, including:

  • Purpose of coverage
  • Appropriate amount of coverage
  • Types of policies
  • Rider options

 

Click here for a client-facing email template.

Related Guides
Life Insurance Policy Review
Category: Insurance Planning
Common Life Insurance Policies
Category: Insurance Planning

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— Roger Whitney, CFP®️, CIMA®️, CPWA®️
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— Jeff S, an advisor in Missouri
“I love fpPathfinder. I use it nearly every day. Clients think it is very clear and easy to understand and it has increased our credibility.”
— An advisor in Utah
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