A permanent life insurance policy could be one of the most valuable assets your clients own.
When they purchased it – through you, or through someone else – assumptions were made about the future. From market performance or personal developments, the outcome likely has changed. The Ash Life Audit team will help review the policy and make recommendations.
Clients get answers and assurance. You get a simple, yet thorough addition to your business. Contact the Advanced Case Design team at (800) 589-3000 ext. 1243 to get started!
Once we have all the information on hand, we dig in. Our team examines the policy’s past performance, as well as its potential future performance. Depending on your client’s circumstances, we’ll project different scenarios – if they stop paying premiums, if they leave the policy as is, etc.
After the analysis process is complete, you'll receive a comprehensive report of findings and recommendations. You’ll see whether the existing policy is still a good fit, or if there’s better coverage available.
Our team will review the report with you and discuss the results - so you have all the information you need to make a recommendation to your clients. There are two types of reports: a longer Professional report and an Essential summary report.
A third-party review demonstrates that you’re taking the time to review and educate — not push a sale. You’ll reinforce confidence by showing clients you're looking out for their best interests.
Add depth to your practice and create an active management process for life insurance. With our team’s years of experience with this process, there isn’t an issue or obstacle we haven’t seen.
If a review results in a new policy, the new coverage will generate a commission for you. If not, clients are usually happy to recommend friends and family as a referral for future business.
We've found success with policies where the client is at least 50 years old, and has a policy with at least $50,000 in cash value. Policies should generally be at least 10 years old with annual premiums of $5,000 or more. There are two good options to find a prospect for your first Ash Life Audit:
Find a case that meets the above criteria. Call the client and say, “I want to be sure the policy I sold you several years ago is still meeting your needs. I’ll have my team run an audit to check.”
Let your network know you can offer a formal, third-party review of existing life insurance policies. “This is a complimentary service I’m able to offer through my partnership. Let me know if you have clients who may need an audit of their policies to be sure they’re the right fit.”
No policy is too complicated or outdated. If there’s coverage out there, we can review it. And, when necessary, we’ll find a way to bring it up to speed.
This form is your first step to allowing our team to complete a policy review. The in-force authorization form allows Ash Brokerage to obtain in-force ledgers and any relevant data for your client’s policy. Some insurance companies require specific authorizations to be completed before we can begin a life insurance policy review. You can review the list of carrier-specific forms, or contact us for direction.
Here are some of the most common questions we get asked about the Ash Life Audit. We're your go-to life insurance product experts — ready to walk you through reviewing your clients' coverage.
After getting all the materials from the carrier, our team typically responds to you within three-five business days. Of course, every situation is unique. Our primary goal is to serve you and your client with a thorough review. When contacting us, make sure to let us know if you have a meeting currently scheduled with your client and we'll do our best to accommodate your needs.