Life Insurance Check-ups: The Current Planning Environment As A Catalyst For Policy Review
December 14, 2021 by Caroline Brooks
The COVID-19 pandemic has spurred awareness and interest in life insurance like never before. According to a recent LIMRA study, nearly one third of consumers (31%) say COVID-19 has made it more likely they will purchase life insurance in the next twelve months and 102 million Americans feel they need more life insurance. Recently, tax proposals threatened to drastically change estate tax and trust planning, bringing trust-owned policies into the spotlight. Coupled with a renewed focus on the need for protection, now is an opportune time to be reaching out to clients to review existing plans and coverage.
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