Many people purchase life insurance and rarely revisit it afterward. But over time, financial goals, family needs, health situations, and policy performance can all change, making periodic reviews an important part of long-term planning.
A policy that made sense years ago may no longer align with current needs. In some cases, coverage may be outdated, underperforming, or no longer necessary. In others, an existing policy may still provide valuable protection and planning opportunities.
A life insurance review may help answer questions such as:
- Is the current coverage still appropriate?
- How is the policy performing today?
- What do the policy riders and contract terms provide?
- Are there tax implications related to surrendering, replacing, or selling the policy?
- How does the policy fit into broader estate or financial planning goals?
For policies with cash value accumulation, reviewing in-force illustrations and long-term projections can also help identify whether adjustments may be needed.
Download Our Life Insurance Policy Review Checklist
To help simplify the review process, we offer the “What Issues Should I Consider When Reviewing My Existing Life Insurance Policy?” checklist.
It covers key considerations related to policy performance, cash value, riders, replacement options, tax implications, and estate planning coordination.
Whether you recently experienced a life change or simply have not reviewed your policy in years, this checklist can help identify areas worth revisiting.
Would you like to discuss how Allos can help you? Let’s Chat: https://bit.ly/4d0svJT
Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this content, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for you or your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Allos Investment Advisors®, LLC.
The content of this letter does not constitute a tax or legal opinion. Always consult with a competent professional service provider for advice on tax or legal matters specific to your situation. To the extent that a reader has any questions regarding the applicability of any specific issue discussed in this content, he/she is encouraged to consult with the professional advisor of his/her choosing.
Jessica Searcy Kmetty, AIFA®, ChSNC®, CDS®, CPFA®, GFS®, C(k)P®, PPC™, is Principal at Allos Investment Advisors. With more than two decades of experience in financial planning, she works with divorced women, female entrepreneurs, blended families, and families with special needs children. Jessica brings personal perspective and specialized training in divorce, special needs, fiduciary, and retirement plan services to her planning conversations.
