Life changes
Marriage, divorce, births, deaths, home purchases, business changes, income shifts, and retirement can alter the original need.
Policies change too
Values, loans, beneficiaries, ownership, premium patterns, rider availability, and in-force projections deserve periodic attention.
A review is not automatically a replacement
The first job is to understand what exists. Replacing a policy can restart surrender periods, underwriting, contestability provisions, and acquisition costs.
For educational purposes only. This material is not individualized tax, legal, accounting, or investment advice. Insurance products, riders, values, costs, and availability vary by carrier, policy, state, and individual eligibility. Policy loans and withdrawals reduce available cash value and death benefits and may create tax consequences if a policy lapses or is surrendered.