A life insurance audit is a thorough and objective evaluation of one’s current to make sure the policy matched the policyholder’s needs. The fact is that most life insurance policies aren’t suitable for the policyholders, and most of the time, the policy holder is unaware of this.
Why Might I Need A Life Insurance Audit?
The following are just some of the main issues that can be uncovered during a life insurance policy audit:
If you send in your monthly premium payments without checking your policy’s , you might be in danger. Sometimes, the cash values can keep your policy in force. If the cash value drops to zero, you might be required to make a large premium payment in order to keep your policy active.
Like car insurance or health insurance, life insurance premium rates are always changing due to market values, economic conditions, etc. A policy that was once priced at $500 per year may only be $100 per year nowadays. If you never run a life insurance audit, you, as a policyholder, may never know that your are simply throwing money down the drain.
That if you could for the same amount of money you are paying right now? For example – your policy with a $100,000 benefit may be costing you upwards of $600 per year. What if you could find a similar $100,000 policy for just $250/year. You would be a fool not to switch, right?
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