SUMMARY
- Two significant things have happened in the last 30 years in the life insurance industry: interest rates have drastically dropped and people are living much longer. If you have not completed a life insurance audit on your existing life insurance policies, you may be at risk of paying premium for decades only to receive nothing from the insurance company.
- What is a life insurance audit? A life insurance audit is a simple process of having a trained professional review in-force illustrations that will project the sustainability of your policy, beneficiary listings to make sure the money is going where you want it to go, ownership listings so you can properly plan for your estate needs, and finding out options you may or may not have in the event your policy isn't performing like it should.