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Your life insurance policy fit your needs when you purchased it, but as your life and other factors have changed, it may no longer fit, creating gaps in coverage.  Your Goals Have Changed Marriage, children, home ownership, wealth accumulation and employment all impact your financial situation and your future goals.   Today, your policy’s death benefit may not be enough to provide for your family.  It may be insufficient to meet an estate tax or be able to provide adequate income.  Then, as your family has grown, your policy’s beneficiaries need to be updated. You Have Changed Your health matters and can have a significant impact on your policy’s performance.  If you have given up smoking or your health has improved, you may be able to reduce your premiums.  If your health has declined and you own a term policy, there may be a way to convert to a permanent policy […]

When you are applying for a life insurance policy, you might be curious:  What happens next?   When you apply for life insurance, whether it is for a cash value policy such as a whole life, universal life or variable universal life or even a term policy, your life insurance company will review your application and other information to determine your eligibility and rates for your policy.    This process is known as underwriting and has the goal of approving you for a policy and confirming the cost of your premiums.  Although many life insurers are adding automated, digital underwriting processes, underwriting remains an ‘art’ where some human interaction is critical.  The team at National Brokerage Atlantic has decades of experience in guiding clients through the life insurance underwriting process in order to obtain the best results. The Life Insurance Underwriting Process There are three main steps to the underwriting process: Determine […]

For many, life insurance is viewed as a necessary evil – an expenditure that eventually provides cash to meet estate, personal and business obligations.  Worse yet, the benefits are recognized at someone’s death, and this fact alone seems to reinforce the perception of life insurance as an unpopular use of capital.  The reality is that a cash value life insurance policy is usually one of the larger assets someone owns and is generally unmanaged.  Positioned strategically in an investment portfolio, life insurance can balance risk and smooth returns. Little to no thought is given to life insurance as a contingent asset class whose often sizable death benefit impacts an investment portfolio and affects other asset classes.  When investment managers analyze life insurance similarly to how they review other investments such as bonds, stocks and private equity, the influential role life insurance plays in a well-performing investment strategy is evident. More […]