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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.

Related Guides
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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“I love the flowcharts and have found them very helpful in guiding clients on complicated planning issues. The charts are easy to follow and help navigate through difficult decisions based on clients' unique circumstances.”
— Jason, an advisor in Illinois
“fpPathfinder is one of a few tools that I use most often in my practice. It has improved my process and the client outcomes.”
— An advisor is 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
“You just continue to put out great content on fpPathfinder. The 'What Issues Should I Consider Before The End Of The Year' checklist is fantastic.”
— Chris, an advisor in Illinois
“This is probably the best money I have ever spent. I love fpPathfinder!”
— Phillip, an advisor in North Carolina
“I think it’s the bees knees! I think it provides me and my clients the most value of any of the services we use at my firm. Everything is well-designed and the amount of material you guys pack into a page without it being overwhelming is AMAZING!”
— An advisor in Kentucky
“I really love the concept of fpPathfinder because I spend so much time reinventing the wheel when communicating planning concepts to clients. Moreover, the flowchart format can be used time and time again to produce consistent results.”
— Kevin P, an advisor in Illinois
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