Important Questions to Ask About Variable Life Insurance Policies & Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for your client’s needs? Should the death benefit be a level death benefit or an increasing death benefit? Basic Assumptions: Are policy projections based upon a reasonable assumed gross annual rate of return? Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial […]

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Important Questions to Ask About Universal Life Insurance with No Lapse Guarantee Policies & Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for your client’s needs? Should the death benefit be a level death benefit or an increasing death benefit? Basic Assumptions: Are the illustrated assumptions accurate and reasonable? (i.e. age, sex, health underwriting) Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial plan? […]

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Important Questions to Ask About Traditional Universal Life Insurance Policies and Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for your client’s needs? Should the death benefit be a level death benefit or an increasing death benefit? Basic Assumptions: Are the illustrated assumptions accurate and reasonable? (i.e.age, sex, health underwriting) Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial plan? Beneficiaries: […]

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Important Questions to Ask About Term Life Insurance Policies & Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for the client’s needs? Basic Assumptions: Are the illustrated assumptions accurate and reasonable? (i.e. age, sex, health underwriting) Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial plan? Beneficiaries: What are the appropriate primary and contingent beneficiary designations? Who is responsible to […]

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Important Questions to Ask About Existing Estate Planning Life Insurance Policies

October 2nd, 2013

Amount: Is the amount of life insurance correct for the client’s  needs? Should the death benefit be a level death benefit or an increasing death benefit? Insureds: Is the policy  design correct for current needs? (i.e. single life, joint life) Ownership: Is the policy ownership structured correctly within  your client’s estate plan? Beneficiaries:   Are the […]

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Important Questions to Ask About Buy/Sell Life Insurance Policies & Proposals

October 2nd, 2013

Amount: Does the amount of life insurance provide adequate liquidity for the requirements of the buy/sell agreement based upon the current business valuation, and the projected business valuation over the next three to five years? Ownership & Beneficiary: Are the ownership and beneficiary designations of the life insurance policies consistent with the provisions of the […]

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