Insurance Policy Review

Insurance Policy Review

As a free service to the client, the policy review of their life insurance policy(s) is integral to ensuring their policy(s) as a component of your overall Family Security Plan is performed and planned. There are many reasons a life insurance policy(s) review should be performed, and the results can be significant as they can reveal if there are critical items that may need attention. Because our lives are busier than ever our circumstances evolve with the passing of time and most of the time those changes are subliminally put into the back of our minds with the intent to make the necessary adjustment. But it seems as if our busy lives rob our consciousness to schedule the time to determine if adjustments are needed sooner than later.

Heeding a call for a Financial Security Plan policy(s) review, hopefully soon than later, can recall to our consciousness those action items that need to give consideration as to if adjustments are needed. In some cases, depending on the degree of dynamic change of family members, employment, liabilities, investing results, education plans, financial debt burdens, unforeseen circumstances, and IRS regulation can be most rewarding as in the case of how Section 7702 Changed Whole Life & IUL policies in 2022? The result effectively makes some cash value accumulation products more efficient in certain scenarios.