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Due Care
Monday, 08 November 2010 23:20

What is Due Care?

Due Care is the competitive analysis of existing and proposed portfolios of life insurance policies and annuity policies by an independent consultant.

Why should you retain an independent consultant?

The purchase of a life insurance policy or annuity policy can involve significant sums of money, and the agents, brokers, and financial planners that sell them aren't always objective sources of information, because they have a financial incentive to sell you the policy. Since I offer this service on a fee-for-service basis, and do not benefit financially from your purchase decisions, my analysis and advice is more objective.

If you are concerned about the objectivity of the advice you receive from your insurance agent, broker, financial planner, or other advisor, or if you just want a professional second-opinion, then you should consider an independent Due Care analysis.

For example, I can answer questions on specific topics such as:

Life Insurance Due Care

  • What kind of life insurance should you own?
  • How much life insurance should you own?
  • When should you buy life insurance?
  • Who should you buy life insurance from?
  • What kind of riders (optional benefits) should you have on your life insurance?
  • Should you keep an old policy, or replace it with a new one?
  • Should you keep or cancel any riders on an old policy?
  • Is your current life insurance coverage sufficient to meet your personal and business objectives?
  • Are your beneficiary designations properly worded?
  • Is your life insurance ownership set up properly?
  • Should you keep paying premiums on an old policy, or offset the premium with policy values?

Annuity Due Care

  • Should you own an annuity?
  • How much of your portfolio should be in an annuity?
  • When should you buy an annuity?
  • Who should you buy an annuity from?
  • Do you currently own the right kind of annuity for your needs?
  • What kind of riders (optional benefits) should you have on your annuity?
  • Should you keep or cancel any existing riders on an old annuity?
  • Should you keep an annuity, or replace it with a new one?
  • Should you keep paying premiums to an old annuity?
  • Should some of your existing savings be in an annuity?
  • Should your IRA, Roth IRA, SEP IRA, or SIMPLE IRA be funded with an annuity?
  • Should your 401(k), 403(b), or other Qualified Plan be funded with an annuity?

Would you like to know if you should retain a consultant? Call me today at (800) 680-5596, or click on the Contact button and send me an email.

 

 

Brent D. Gardner, CLU, ChFC