MY LIFE AUDIT is an essential resource created by Life Audit Professionals, LLC. More now than ever, due to a continued low interest environment coupled with existing policies issued with older more expensive mortality costs has affirmed our underlying philosophy that "life insurance is an asset that must be managed." We work with your estate planning professionals as a team to make sure your life insurance coverage is appropriate and meets your family and estate planning goals.
Once this is accomplished we identify ways that the client can take advantage of improvements to the policy’s performance and/or savings on their premiums, as well as the current carrier’s financial strength. By putting the client first we become an essential resource to both the estate planning professional as well as the client.
65% -75% of Life Insurance Policies are underperforming, are at risk of lapsing, or could be
replaced at a lower cost with the same or better guarantees!
83.5% of Professional Trustees have NO guidelines or procedures for handling trust-owned life insurance.
MY LIFE AUDIT is a complimentary service where we work with individuals and Estate Planning professionals to improve Life Insurance coverage. Life Audit Professionals, LLC. will put together a professional and detailed report after our review that includes the following:
- Carrier Financial Strength
- Projected Policy Performance and Associated Risks
- Premium Evaluation (can policy be obtained less expensively)
- Determine Appropriate Coverage (Including Guarantees)
- Evaluation of Current Health Classification in Light of Medical Advancements and Relaxed Underwriting Standards
- Review of Owner and Beneficiary Information for accuracy
Click Here to View the My Life Audit Process
Is the life insurance policy that is owned as strong as the estate planning documents
that were prepared to protect families and their estates?
For a FREE consultation, please contact us at 1-855-LIFEAUDIT (543-3283)
Read this important article from the Wall Street Journal about using life insurance to cover estate tax