Friday, March 22, 2013

Spring-Time: Policy Review Time


According to the calendar, spring has sprung. Although with a foot of snow still on the ground and temperatures still hovering around freezing and below it really doesn't feel like it yet here in the mid-west.
We often think of spring as a time of new beginnings, or a re-birth... the days are getting longer, and it's a time to step up business and get busy living!
That brings us to policy reviews. What does that have to do with spring? Everything! Helping your clients to ensure that their insurance coverage is still adequate is a very important part of your job, and if you haven't already, you should make it a part of your business plan. If you aren't doing it, it's quite possible that some other, savvier professional will do it for you.
The policy review process facilitates an examination of how your clients’ needs have changed (income, marriage, divorce, health, education retirement etc.) and how their life insurance policies have performed since the coverage was purchased. It should include a review of policy ownership, beneficiaries, riders and any applicable sub-account allocations as well.
If you don't know how to get started, MVP can help. Check out our website, www.mvp4me.com, or give us a call.
 

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