Tuesday, January 13, 2015
The basics - Life Insurance Policy Review
There are several check list items in a policy review. Impaired risk expert Tim Ash is often fond of saying, "that 50% of American life insurance policy insureds are in the wrong rate class." So underwriting can play be a significant variable that may be able to in improve policy benefits or lowering policy premiums. Matching a policyholder's health condition to the most benevolent insurance company is one key factor in securing the best price.
The best price is contingent on an array of policy provisions, accompanying riders and pricing models that can create quite a premium disparity between insurance companies. Advisers who shop the market may be able to improve their client's policy positions substantially.
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
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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