- Understand the REAL cost of your policy (You could be paying 2x, 5x, or 20x what is available with other carriers)
- Find out whether it is the lowest internal cost available (not the lowest annual premium).
- Find out if your life insurance will be exposed to estate/death taxes.
- Identify what the true rate of return on your policy has been – and if it is competitive with others.
- Determine if the amount of insurance you have is sufficient to meet your tax or legacy related goals.
- Determine if it is appropriate to borrow or cross-collateralize assets letting the bank’s money work for you instead of paying the premiums out of pocket. Keep your money.
- Examine the ‘financial strength’ of insurers – and see if they’re more likely to be around to pay.