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Insurance Planning

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.

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What Issues Should I Consider When Reviewing My Health And Life Insurance Policies?
Category: General, Insurance Planning
What Issues Should I Consider When Purchasing Disability Insurance?
Category: Insurance Planning
What Issues Should I Consider When Reviewing My Existing Life Insurance Policy?
Category: Insurance Planning
What Issues Should I Consider When Doing A Section 1035 Exchange?
Category: Tax Planning, Insurance Planning
Common Life Insurance Policies
Category: Insurance Planning

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What Customers Are Saying About Us

Hundreds of other advisors are actively using fpPathfinder. Read what those lovely people have to say about us.
“fpPathfinder has been critical in my execution of financial planning. They provide well thought resources for when clients face specific problems, and I use them over and over again.”
— Roger Whitney, CFP®️, CIMA®️, CPWA®️
“One client just said 'Wow, thank you for this. I would have screwed up my retirement if not for this.'”
— David, an advisor in NY
“I find fpPathfinder to be very helpful. I use the checklists and flowcharts to help prep for every meeting.”
— Ryan, an advisor in New York
“Our firm had been looking for something like this for so many years. A standardized checklist or flowchart of important issues to consider, and a way to integrate the responses into our system. When we stumbled across your service, I couldn't have signed up any quicker. We now use the checklists to conduct monthly webinars about the all of the important topics”
— An advisor in Texas
“Thanks for having all of these so conveniently put together. We were working on many of these for years, but often could not find the time to keep them updated. This has been a blessing to our firm. ”
— An advisor in Texas
“I love the new "share a link" feature. This has made it much easier to send flowcharts and checklists to our clients. Thanks for the add!”
— An advisor in Texas
“Thank you for creating a robust, yet very practical, planning tool.”
— Andy, an advisor in Florida
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