Friday, January 16, 2015

Why a medical review is crucial - Life Insurance Portfolio Review

Life insurance has several expenses, but the largest expense is the cost of insurance. The cost of insurance is directly correlated to the underwriting offer. Matching the proposed insured's health with the most benevolent underwriting is the goal.

There are several non rated underwriting classifications for non smokers: Super Preferred, Preferred Plus, Preferred, Standard Plus and Standard. Even tobacco users have several underwriting classifications. Many insurance companies offer table reductions to standard, some reductions as high as table D. The life insurance market is extremely competitive, so it pays to shop the brokerage market for the best underwriting offer.

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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