Most people bought one, filed the paperwork, and haven't looked at it since. We'll go through it with you and tell you plainly what you have, including when the answer is "this is fine, leave it alone."
Takes about half an hour. Nothing to sign.
A policy you bought ten years ago was set up for your life back then. Here are four things that can go out of date.
Beneficiary designations override your will. An ex-spouse, a deceased parent, or a child who wasn't born yet when you signed. Whoever is on that form is who gets paid. This is the most common problem we find, and the easiest to fix.
Surrender charges usually decline to zero after a set number of years. Plenty of people are still treating money as locked up when it hasn't been for years.
Caps and participation rates on indexed products can be changed by the carrier after you buy. What you were quoted at the start may not be what you're getting now. Few people ever check.
A policy bought for growth at 48 is doing a different job at 63. It might still be the right thing. It might be doing something you no longer need.
Plain answers to the questions people can't get from a statement.
Often. Replacing a policy can mean a new surrender period, new charges, and losing benefits you can't get back, especially on older contracts with terms carriers no longer offer. If what you have is doing its job, the right advice is to leave it alone, and that's what you'll get.
Bring what you can find. Missing something isn't a problem. We can usually request it from the carrier with your permission.
Annual or quarterly. It has the values and often the rider charges.
The thick booklet you filed away. The surrender schedule and guarantees live in there.
Useful for comparing what was projected against what actually happened.
Especially the ones you felt awkward asking whoever sold it to you.
Half an hour, in person or by phone. You'll leave understanding what you own, whether or not you ever work with us.
Book a ReviewOr call (386) 999-1534 · Nvalery@onelifefl.com
