Services – Life Insurance Portfolio Management
Life insurance is the only financial asset that is not actively managed. The same level of attention that is applied towards stocks, bonds, or real estate, should be directed towards life insurance. Each policy has issues related to taxation, ownership, servicing and policy performance. Fluctuating economic conditions such as interest rates and stock market performance impact the life insurance carriers and conversely the performance of individual policies.
Why a Life Insurance Review?
At Catalyst, we understand that policy management begins with the placement of a policy. To perform efficiently and satisfy the original objective, life insurance coverage must be properly maintained and supervised. Our philosophy is to provide high touch service to every client. We produce detailed policy review materials which benchmark your “As Sold” illustration with actual attained values and inforce projections. We provide ongoing advice and restructuring recommendations for the life of the contract.
Professional Advisors Life Insurance Portfolio Review
These Life Insurance reviews are designed for Attorneys, Accountants, Trustees, and the professional advisor community. We act as a resource to review, analyze and determine the integrity of existing life insurance contracts that have been sitting dormant over many years. It has been estimated that between 70% – 95% of irrevocable life insurance trust (ILIT’s) have no servicing agent, 83.5% of professional ILIT trustees have no guidance or procedures for handling trust policies and 71% of nonprofessional trustees have not reviewed their policies within the last 5 years. This review process will allow the advisor to ensure that each insured has the most competitive and appropriate coverage relative to the constantly changing variables and options in the life insurance marketplace.
The Catalyst Difference
With over 38 years of experience working with high net worth individuals, families and business owners, our advisors have artfully mastered the portfolio review process and provide detailed analytics for professional advisors and trustees. The end result is a clear, objective understanding of the life insurance portfolio reviewed.
Catalyst Wealth offers a complimentary review of asset classes in order to obtain a point of reference to determine current diversification and risk exposure for achieving your goals and objectives. To learn more contact us today.