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Insurance Planning

What Issues Should I Consider When Purchasing A Life Insurance Policy?

Updated 12/1/2023

Life insurance is key to comprehensive financial planning, whether it serves a traditional risk management function or is put to another use. In the course of a client relationship, you will likely analyze the need to purchase a new life insurance policy at several points. This can be of particular importance with new clients who may be uninsured or underinsured and need to protect their loved ones.

To help you guide your clients through an introductory life insurance conversation, we have created this checklist. It covers key considerations, including:

  • Purpose of coverage
  • Appropriate amount of coverage
  • Types of policies
  • Rider options

Click here for a client-facing email template.

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What Issues Should I Consider When Reviewing My Health And Life Insurance Policies?
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What Issues Should I Consider When Purchasing Disability Insurance?
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What Issues Should I Consider When Reviewing My Existing Life Insurance Policy?
Category: Insurance Planning

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“Our firm had been looking for something like this for so many years. A standardized checklist or flowchart of important issues to consider, and a way to integrate the responses into our system. When we stumbled across your service, I couldn't have signed up any quicker. We now use the checklists to conduct monthly webinars about the all of the important topics”
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“Thanks for having all of these so conveniently put together. We were working on many of these for years, but often could not find the time to keep them updated. This has been a blessing to our firm. ”
— An advisor in Texas
“With working from home most of 2020, we wanted to still catch some face time with our clients. We used the checklists and flowcharts to conduct webinars covering various topics. In fact, having the charts readily available, we were able to do many of these on a weekly basis, knowing the material was pretty much already established. We had such great feedback that we are continuing the webinars into 2021. We have many that actually look forward to our meeting times, and found being able to have the flowchart or checklist available to work on their own later was an added bonus.”
— An advisor in Texas
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