The Insurance Audit

If you are requesting an audit send us your email address by clicking here or call 858.752.1726.

Why an audit?

When was the last time you reviewed your insurance policies and estate planning strategy? If you're like most people, the last time you even saw your insurance polices was the day you bought them. You recognize the value of insurance as a tool for planning for the unexpected, but that doesn’t mean you want to think about your policies all the time. Chances are you have had changes in your life since you bought your insurance policies - been married or divorced, welcomed a child or grandchild, acquired or sold a business, started a new job or earned a promotion, or taken on new future financial obligations (college tuition for a child, a retirement home, etc.).

The coverage that once was adequate for the future you had in mind may no longer be appropriate. If your life and goals have changed since you implemented your insurance program, an insurance audit may be in order.

An insurance audit can help you answer key questions such as:

1. If you are utilizing an Irrevocable Life Insurance Trust is the trust irrevocable according to IRS rules and is the trustee sending out the annual "Crummey" letter?

2. How has your life changed since you last spoke to your insurance professional?

3. Were interest rates significantly higher when you purchased your traditional life insurance policy?

4. Do you know the reasons why your life insurance might lapse?

5. Do  you own term insurance, when does it terminate?

6. What are your family’s top priorities today? What will they be in five or 10 years?

By conducting an audit of your current insurance policies and estate planning strategy, we can help make sure you have the right coverage for your needs. We can analyze your current coverage to make sure your dreams are safeguarded, and, if necessary recommend a course of action to help your insurance program keep pace with today's realities.