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Insurance Planning

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

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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What Issues Should I Consider When Reviewing My Health And Life Insurance Policies?
Category: General, Insurance Planning
What Issues Should I Consider When Purchasing A Life Insurance Policy?
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What Issues Should I Consider When Purchasing Disability Insurance?
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 is a great tool! It mirrors much of what I've developed on my own for tax planning, life events, etc. However, it's been great to double-check my own work in those areas and also to motivate me to deepen my knowledge on other topics”
— Jonathan, an advisor in Colorado
“It’s brilliant to boil complex planning strategies into a one-page flowchart. It totally beats having to read 4 -5 articles to understand each nuance and exception, especially on the tax issues.”
— Meghan, an advisor in Georgia
“ fpPathfinder is great. It's perfect for supplemental content to enhance our marketing efforts.”
— Ray, an advisor in California
“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
“It's hands-down the best collection of client-facing resources I've found anywhere. The checklists are amazing too, to make sure I'm not forgetting anything in a review.”
— An advisor in Kentucky
“It’s one of the best software products I have seen. It’s exactly what I have been looking for and trying to build internally. Well done!!!”
— Kate, an advisor in Florida
“I had my own internal set of workflows, but by piggybacking fpPathfinder, I've saved who knows how many hours. It's a great product and I'll be a subscriber for years.”
— An advisor in Texas
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