A proper review cannot be done except by an expert life insurance advisor and consultant.
Everything begins with an expert life insurance performance review.
In order to accomplish this properly, it is necessary to start with what we call current in-force illustrations of your policy.
An in-force illustration is the only way to gauge the potential future performance of a policy and to see if changes are needed in order to avoid problems.
An in-force illustration uses current policy values (cash value, death benefit, and loan balance) and projects future values based on:
- Current earnings (interest rate/dividend that helps grow your cash value)
- Mortality (the actual cost of the life insurance for you)
- Expense charge (the insurer’s fees)