In this phase of the planning process, we take an in-depth look at a client's current life insurance holdings to ensure coverage is sufficient, beneficiary designations are up to date, and policy performance is acceptable. Our independent review includes:
- Evaluating the amount of life insurance needed and the type of coverage needed, based on current objectives, liquidity needs and planning structures.
- Providing detailed life insurance portfolio summary by owner/beneficiary, insured or premium payor.
- Providing updated policy performance summaries on existing life insurance coverages.
- Identifying ownership, beneficiary, and payor considerations in order to align life insurance with the overall plan.
- Analyzing diversification of life insurance portfolio in terms of
percentage of coverage with life insurance carriers and types
of products. - Reviewing split dollar documentation and tax consequences.
- Designing an optimal portfolio structure utilizing variable life sub-accounts.
- Identifying portfolio asset allocation/diversification to increase the probability of obtaining the required rate of return.
