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Description
A policy audit aims to assess cost-effectiveness and document recommendations that align with fiduciary duty and client objectives. This session provides a structured, fiduciary process for reviewing policy performance, ownership, and tax implications—and deciding whether to retain, replace, or repurpose them.
Learning Objectives
Learn to:
- Conduct comprehensive policy reviews with a focus on cost, performance, and suitability.
- Understand 1035 exchange mechanics and when replacements make financial sense.
- Repurpose with LTC benefit added
- Explore secondary-market life settlements for legacy or underperforming contracts.
- Implement a systematic, repeatable policy-review process with clear documentation.
- Communicate findings and recommendations transparently through annual client review letters.