10 Most Common Mistakes – Fiscal Fitness
Mistake 1: Who is the beneficiary of your existing policy(ies)?
Mistake 2: Are any contingent beneficiaries named?
Mistake 3: When was the last time you reviewed your policies?
Mistake 4: Is the problem we are trying to solve with life insurance temporary or permanent?
Mistake 5: What assets would you like to protect?
Mistake 6: Are the policy proceeds payable outright to minor children or grandchildren or to handicapped or emotionally immature or financially irresponsible individuals?
Mistake 7: Who is the current owner of your policy(ies)?
Mistake 8: Can your business or practice provide insurance on a more cost- or tax-efficient basis?
Mistake 9: How long will your term coverage last and at what cost?
Mistake 10: Are you getting the best value for the current cost of your life insurance?