Life Insurance
Evaluate your needs and reposition yourself.
- Do you have an existing permanent/cash value life insurance policy that hasn’t been reviewed in years?
- Have you been financially impacted by the recent pandemic and are wondering how you can ease premium fatigue?
- Not sure if you should even keep your old life insurance policy?
As life’s priorities change, a previously funded life insurance policy whose original intent may have been to provide catastrophic coverage, provide a means to build tax-advantaged cash value for liquidity, or supplement future retirement may no longer apply.
Conducting a thorough assessment and audit of your current life insurance policy is essential to ensure its continued suitability for your needs. This evaluation may reveal the necessity for increased or decreased coverage compared to your initial setup, addressing changes in your family’s circumstances, financial standing, or capacity to maintain the policy. Additionally, new considerations, such as managing future health-related concerns, may have emerged over time.
For those who have been funding permanent policies like Whole Life or Universal Life, some may have encountered premium fatigue due to shifting priorities or unforeseen events, such as the financial challenges resulting from the impact of COVID-19.
Usually in situations of premium fatigue, there are a few options available:
- Stop paying premiums.
- Surrender the policy.
- Keep the policy as is.
- Reposition or exchange the policy to fund other future needs, such as around long-term care.
Through the strategic partnership with Experior Financial Group, Inc, Global View Capital offers access to a network of more than 80 top-rated insurance carriers, eliminating concerns about matching the ideal solution to each individual circumstance. Experior’s platform grants accessibility to a wide array of solutions, including term life, permanent life, long-term care, disability insurance, and annuities.
A review of your policy can benefit you.
Conducting a Life Insurance Audit enables our team to identify the most appropriate action for your unique situation. Every decision carries its own consequences, whether it involves lapsing a policy and the potential loss of coverage essential for achieving long-term financial objectives or considering tax implications when contemplating the surrender of a policy that has accrued gains.
With your input during our initial conversation, the outcome of our detailed analysis then focuses on determining ways to achieve the objectives that are important to you.
