fbpx Ask An Expert

Want to read more? Sign Up For Our 7-Day Free Trial

Factors Influencing Carrier, Product, Design And Strategy Recommendation

Agent man presentation and consulting life insurance detail to customer and waiting for his reply

You may be tempted to lock in on specific life insurance product solution after examining premium quotes.  This is a common mistake that often leads to bad outcomes and unmet expectations. Premium quotes are just numbers on a piece of paper.  You must qualify for coverage and be assigned a risk classification which determines the cost of your policy.  Until you know what pricing level you qualify for, you have no way of knowing the right carrier, product type, or funding strategy. Furthermore, life insurance is usually integrated into your other planning strategies and wealth transfer objectives.  As such, many factors will influence selection of a life insurance carrier, product type, and funding strategy.  Below are several factors that must be explored in arriving at the appropriate products and strategy choice.


Who Owns the Policy?

  • Ownership is typically via an Irrevocable Life Insurance Trust (ILIT) to avoid inclusion of life insurance death benefit in the estate. If other planning has resulted in existing trusts, those trusts may be viable policy ownership candidates too.

Want To Read More? Sign Up For Our 7 Day Free Trial.

Please login below. If you don't have an account, feel free to sign up and get access to the entire WealthCAP HUB®.

Contact Us

None of the content or services offered on or through the Website are, nor are intended to be, legal, tax, accounting, investment or other professional advice or a substitute for advice of an attorney, tax advisor, accountant, investment advisor or any other professional. You agree and acknowledge that the content and services offered on or through the Website are intended only as general information and is not intended to be, and should not be relied upon as, professional advice. If professional advice or other expert assistance is required, you should obtain the services of a competent, professional person, and not rely on information provided in the content or services as a substitute for such advice or assistance. No attorney-client relationship exists or shall be deemed to exist between you and the Company. The Company is not in the business of rendering personalized investment advice.



This feature is for WealthCAP HUB® Members

If you would like to upgrade your membership or learn more, please contact us and a team member will reach out shortly.

Ask An Expert