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Insurance Services
For openers, I am the only CFP who has passed the the Life and Disability Insurance Analyst exam in California. There are less than 35 in the state who can charge a fee for insurance advice. There is no more comprehensive exam in the U.S. for the review of life and disability policies. Period.
Additionally, I have taught most insurance courses for life insurance licensing continuing education in California including Long Term Care. I have acted as an expert witness for the sale of improper policies.
If you have purchased an underperforming or incorrect policy, or own a policy inside a trust, a review may be worthwhile- certainly for a fiduciary to avoid liability. Fees are based on the time estimated or on an hourly rate. I'd suggest you read TRUST OWNED LIFE INSURANCE to see how significant the implications are.
It is also possible to take a poorly performing cash value policy and convert it to a guaranteed policy for more coverage even though you are older.
In other words, do not just surrender or lapse a policy without a formal review. And don't buy a non guaranteed policy based on some nebulous illustration.
I have alsoappriased life insurance policies for gift purposes.
Email at efm@efmoody.com
Call at 510 352-4127
510 459-7797 (Cell)