What a useful review covers
- Policy type, insured person, owner and beneficiary.
- Death benefit, premium and how long each is scheduled to last.
- Cash value, loans, riders and conversion features, if applicable.
- Any upcoming term, premium or guarantee dates.
What to bring
The policy or recent annual statement, current premium, beneficiary information and the original reason you bought it. Avoid emailing highly sensitive personal information unless a secure method is provided.
When a review is especially useful
After marriage, divorce, a birth, home purchase, retirement, job change or a meaningful change in income or health.
Good advice starts with preservation: never cancel an existing policy until any replacement has been approved, issued and reviewed. A replacement can restart contestability and suicide periods and may introduce new costs.
Ask for a no-pressure policy review.
Shane can help you organize the questions to ask about the coverage you own.