Review and Appraisal of Existing Life Insurance Policies

Life insurance policies, like stocks, bonds, and mutual funds, are financial investments, and like any other financial investment, an investment in a life insurance policy should be reviewed periodically to ensure that policy owners are deriving maximum benefit from the policy.  Certain triggering events should serve as a reminder to review a life insurance policy.

• When life insurance companies merge or are acquired the surviving entity may offer new, competitive policies with favorable interest rates and mortality charges, without offering these benefits to their in-force contracts.
• Changing interest rates and market returns can also lead to drastic changes in the performance of a life insurance policy.
• As mortality table become more sophisticated, policies based on old mortality tables may be poorly priced.
• New treatments for medical conditions such as high blood pressure and diabetes have lowered the cost of insurance.
• Changes in beneficiaries through death, divorce and a change in business structure.

Life Insurance Strategies will perform a free review and appraisal of an existing life insurance policy to determine whether it is meeting its performance objectives and the policy owner's needs.