Thursday, January 15, 2015

How the discovery process works - Life Insurance Policy Review

The discovery process for policy reviews can uncover opportunities for policy improvement as well as premium savings. The methodology employed in a thorough policy review addresses many policy points to consider. The protocols of the top policy reviews include many of the topics cited in this episode.

Policy reviews generally include the collection of pertinent documentation such as the annual policy statement, the original proposal, an in force ledger and a review of policy ownership/ beneficiary information.

Medical underwriting is a major component in a policy review. Most reviews attempt to match the policy insured's health condition to the most benevolent underwriting in the carrier market.

Syndicated financial columnist and talk show host Steve Savant interviews nationally recognized product due diligence expert Sam Rocke, CFP. This series explores the product review process for life insurance, not only for traditional indemnification strategies, but for tax advantaged distributions for retirement income. All financial products need to be reviewed on an annual basis for performance and continued relevance in the overall financial plan.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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