Life insurance Policy Review Templates

Life insurance policy reviews are important for ensuring a policyholder’s coverage continues to meet their evolving needs. However, while life insurance policy review templates can serve as helpful guides, they should not replace a personalized assessment.

At Stratus Financial Partners (SFP), we understand that a one-size-fits-all approach falls short of providing the comprehensive and tailored service our clients deserve. That’s why we go beyond a simple checklist of age and medical history to understand every aspect of your lifestyle. Our holistic, integrated approach to life insurance ensures your coverage adapts as your life changes and stays aligned with your financial goals.

Sure, there are templates out there…

Life insurance review templates typically include basic checklists and forms that walk the reviewer through standard elements of a policy. These might cover areas such as the policy’s current value, premiums and death benefits. While these questionnaires are useful for gathering initial information, they lack the depth required for a thorough analysis.

For example, a generic template might ask a reviewer to check if premiums are being paid on time or if the death benefit matches the policyholder’s current needs. However, it wouldn’t account for the intricate details that might affect a policy’s performance such as changes in economic conditions or the policyholder’s health.

SFP’s life insurance review services go beyond these basic templates. We begin by getting current data from the issuing company on that specific policy. Our objective 22-point Stratus Policy Assessment℠ is designed to provide a detailed and personalized analysis of each policy. This proprietary process enables us to consider a wide range of factors, ensuring that our recommendations are tailored to the specific needs of each client.

Our assessment thoroughly evaluates your policy’s in-force illustrations to predict future performance and provide actionable recommendations. We will:

  • Identify any hidden issues in your policy
  • Reveal any overlooked benefits to ensure they won’t be lost.
  • Verify the policy will be there when you need it-or what’s necessary to get it there.
  • Ensure your dependents have the protection they need.

All this in simple, easy-to-understand English.

With Stratus Financial Partners, your policy will be evaluated with care, considering your unique needs and future goals. Whether you need policy adjustments or want to confirm your current plan is the best, our expert team supports you every step of the way.

If you really want to do it yourself

Hi, I’m Frank Campbell. For over 30 years, I have helped clients safeguard their future with customized life and disability insurance and investments. In 2017, I joined less than 1% of licensed agents in California when I became a California Licensed Life and Disability Analyst.

While life insurance review templates and checklists can be helpful tools, they are no substitute for a thorough, professional review. But if you choose to conduct your own review, I highly recommend you read my book, How To Do A Proper Policy Review: No Beneficiaries Left Behind. In it I break down everything you need to know to make sure your policy truly protects your loved ones and secures your family’s future.

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