LIFE SETTLEMENT FIDUCIARY CHECKLIST
? What is your review process with your clients?
? Identify and detail your review process
? Does it include evaluating all alternatives?
? Do you perform annual reviews with your clients?
? If not, we suggest you develop an annual review.
? Do you look at the life insurance they have in force?
? Are funds needed for retirement, long term care insurance, an annuity or
for health related expenses?
? Evaluate their financial situation:
? Do they have enough insurance?
? Do they have too much insurance?
? Do they still need or want life insurance?
? Worse yet, can they afford their policy or policies?
As a financial advisor, you clearly have a fiduciary duty to your clients. In all honesty,
you’re your clients last hope when it comes to protecting their best interests.
What if you had a client who surrendered their policy for the cash value, only to find out
that she could have gotten five, six, even 10 times that amount through a life
settlement? Can you imagine the problems that may arise out of that scenario?
Use this checklist to evaluate the timing of when you should ask the right questions and
when you should consider discussing a life settlement with your clients and prospects.
FOR MORE INFORMATION CALL:
Daxton Fryer
866.326.5433