Benefits of reviewing your life insurance policies with me are:
1. See if there is an opportunity to decrease or eliminate premiums.
2. Eliminate or Reduce the risk of a policy lapse.
3. Increase the face amount or extend the Death Benefit Guarantee.
4. Add Protection from Long-term care risk.
Let me know if this happened to you…
Several years ago (maybe even DECADES ago), you decided to purchase a life insurance policy. You knew it was a good decision and thought to yourself:
And so you moved on with life…
Maybe you got married…
Changed your job…
Or relocated to a new area…
Whatever YOUR SITUATION may be…
You always believed that your life insurance policy was going to be there to financially protect you and your family.
But unfortunately, that’s just not the case…
Many people think they have one type of life insurance policy and sadly discover they have a different one with much less benefits. Or, they happened to miss a premium payment and are unaware that the policy is now significantly underperforming compared to its original projection.
Some cases might not even be the policyholder’s fault.
With global economic events and interest rate fluctuations, life insurance policies - and its benefits - can be affected.
On the other hand, with medical advancements and people living longer lives, life insurance products of today are much more efficient and offer benefits older policies just cannot provide.
With this information, it’s important to make sure you’re reviewing your policy every 3-5 years.
By checking up on your policy, you’ll likely find yourself in one of these three situations:
1.) A new policy can help you save money while keeping the same benefits
2.) A new policy can help you receive more benefits at no extra cost
3.) Everything is performing as expected and you have peace of mind
We’d like to believe many people will fall into the third option, but many times, that’s just not what happens.
I’d like to offer you a complimentary review of your life insurance policy to make sure it’s performing as expected and the information that was originally stated matches your current lifestyle.
There is no obligation or costs associated with the audit.
You may discover we’ll be able to help you save money or receive additional benefits at no extra cost.
At the very least, you’ll have peace of mind knowing that the life insurance policy you have in place is correct and that no further action is required.
You’ll find more information on this page for what’s included within the audit and how long you can expect to wait to receive your custom report.
I really hope you take me up on this offer as I think you’ll find great value in it.
I look forward to speaking with you!
If interest rates remain low or start to climb, your policy may be at risk of lapsing before your beneficiary collects its value.
If your policy underperforms your original illustration you may be asked to pay higher premiums or pay premiums for a
longer period of time.
Don't let this happen, it has nothing to do with how you made your decision. However, you do have control over the results now. Take action and call me to get the ball rolling on your policy audit.
Over my twenty-five years as a Life Insurance Specialist calling on Financial Advisors at Banks and Brokerage houses, I reviewed Thousands of Life Policies. The majority were sold on a needs analysis system.
"The agent needs a sale" for his quota.
The premiums typically were not adequate to cover all the changes that can occur over a long period of time. Like lower interest rates and rising costs of business. It may have been easier for your agent to show you the minimum premium needed and hope for the best than to show you the right premium to meet your long term goals.
Long-term care seems to big the biggest problem facing us as we age. Stand alone Long-term care policies are expensive and hard to qualify for. The the risk of not ever needing it often out weighs the risk of needing it.
Living Benefits for Chronic, Terminal Illness and Long-term care riders often come at no cost to the insured on the newer polices. THIS ALONE is worth getting policy audit done. You could minimize or eliminate the need to buy long-term care insurance.
The "Commissioners Standard Ordinary" (CSO) mortality table has changed twice since 2001. But it wasn't until 1-January 2021 that the companies were forced to use the new rates. Also with some changes to the IRS interest rate calculations; chapter 7702. You maybe in a great position to upgrade your benefits.
I have been selling life insurance since 1987. The biggest and best innovation in life insurance has occurred in just the past 8 years. Indexed Universal Life and the crediting options provided to policy holders improves your performance and lowers your policy's fees. We can validate this with your policy audit.
One of the big problems with older outdated insurance policies always has been getting at your cash value. Is your current company a "recognition" or a "non-recognition" company? Is it a "participating policy" from a "mutually owned" insurance company? Its all just smoke and mirrors spoken to you by multi-level marketing groups.
We can compare your current loan features to newer ones and see what's best for you.
Colorado statutes say a divorce or annulment revokes beneficiary designations to the former spouse. The life insurance policy is treated as if the former spouse died before the spouse whose life was insured.
COLO. REV. STAT. section 15-11-804.
The two spouses may agree that the former spouse will continue to be the life insurance beneficiary by a contract relating to the division of the marital estate made between the divorced individuals before or after the marriage. Upon divorce, the court may also order that a former spouse continue to be the beneficiary of the insurance policy. There was a case where the spouses got divorced, the husband told other people he intended to keep the former spouse insured, but there was no contract or court order protecting the former spouse. The former spouse lost the life insurance proceeds to surviving family of the husband. If the former husband had a will which showed he intended to continue the insurance for his ex-wife’s benefit, the former spouse might have won.
Yup, were going to have to talk.
Why did you buy this?
What has changed since you bought this?
What does the future look like for you and your beneficiary?
Can we make this better?
What would you like to see happen?
My Number is
My Name is Mark.
Then we need is a look at your Life Insurance Policy's Current situation. Has it been performing as illustrated? Is it exceeding its performance?
Is it underperforming?
Is the company as strong today as when you bought it? Etc.
We need to order an "IN-Force" illustration from your current life insurance company.
There are two ways to get this; I can coach you on how you can do it yourself, or you can sign a temporary release that would allow me to get one for you. Either way you are in control.
Also we may order this a few illustrations uncovering different scenarios.
These policy reviews should not take much time. BUT they do, your current company will drag their feet. They know what's coming. They know how many bad policies they have on the books. But they are not going to proactively look for these and go fix them. They want you to Lapse the policy or pay a higher premium to keep it going. They don't want you to figure out how to fix these without them.
Nothing! This is a free audit on your life insurance policy. It's a complimentary service we provide to all of our clients.
Not at all! This is simply a snapshot of the current health of your policy. Premium payments and other features of the product are not interrupted.
We have a one-page form that you'll need to complete before the report can be generated. It includes basic information such as policy number and owner name. The purpose of the form is for you to grant authorization for us to contact the insurance company on your behalf.
Not a problem! This is merely a check-up on your current life insurance policy. Keep in mind, product and strategy recommendations will be made within the report, but you'll have the freedom to decide what you'd like to do next
The first thing you need to do is request the free audit. Once send me an email , I will reach out to you and schedule a meeting to review your situation and obtain the authorization signature. We'll collect the information from the insurance company and generate the report for you. We'll schedule a follow-up appointment to present to you our findings.
The timeline depends on your availability and the insurance company's willingness to send you the in-force illustrations we ask for, but the overall audit typically takes between 4-6 weeks.