The Kitces Report Part II: Policy Review Featuring THEInsuranceAdvisor.COM

It is a basic principle of life insurance that in order to receive a death benefit, the policy must actually be a valid, in-force contract at the time of death. Yet, despite this absolutely crucial aspect of life insurance that if you want the death benefit, the policy must be “alive” at least as long as you are – the overwhelming focus of life insurance planning occurs at the time it is bought/sold, not in the years (or often decades) that follow.

In this month's issue, we continue the process, looking specifically at the unique issues that arise when dealing with the most "flexible" forms of insurance coverage, including universal and variable universal life policies.

Fortunately, help is available. In the same way planners can and do often subscribe to Morningstar and similar services for pricing and performance research on investments, so too are similar services emerging to evaluate pricing and performance on (especially permanent) life insurance products. The notable leader in this space is www.THEInsuranceAdvisor.com.

Click Here to read the full article.

To sign up and receive an exclusive discount from THEInsuranceAdvisor.COM go to www.kitces.com/join and enter the coupon code “TheInsAdv” (without the quotes) for a $50 discount to a new subscription of The Kitces Report.

About the Author

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™, is the Director of Research for Pinnacle Advisory Group (www.pinnacleadvisory.com), a private wealth management firm located in Columbia, Maryland. In addition, he is an active writer and speaker, and publishes The Kitces Report and his blog “Nerd’s Eye View” through his website www.kitces.com.