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What Issues Should I Consider When Reviewing My Existing Life Insurance Policy?

Category:
Insurance Planning
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Interactive Checklist Created with Sketch.

Updated 12/1/2023

Life insurance is a complex topic, and it often leaves many clients confused about what they should do with their existing policy.

With this checklist, you will be better prepared to help your clients understand their life insurance policy and determine whether it is still appropriate for their financial situation.

This checklist covers the key issues to consider when reviewing a client’s existing life insurance policy, such as:

  • Understanding their policy’s in-force illustration, contract, riders, and other important information.
  • Exploring the different options for, and as well as the pros and cons of, replacing, surrendering, or selling their policy.
  • Reviewing their policy’s cash value accumulation and death benefit, and any potential tax consequences that may arise.
  • Seeing how their policy fits in with any health and/or estate issues that may be present.
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