Why it’s critical to monitor life insurance policy performance
April 15, 2014 by Henry Montag, E. Randolph Whitelaw
Have you ever discovered a bank entry error in your checking account register, resulting in $100 or $1,000 less than what it should be? Imagine how much worse it would be if your client’s $1,000,000 life insurance policy’s death benefit was suddenly unavailable to a spouse or child due to a technicality. Unfortunately, as a result of sustained low interest rates over the last twenty years, as well as policy owner and trustee inattention to performance monitoring, approximately 35 percent of existing non-guaranteed life insurance contracts are expected to expire prior to an insured’s normal life expectancy.
Originally Posted at LifeHealthPro on April 1, 2014 by Henry Montag, E. Randolph Whitelaw.
Categories: Industry Articles
