Leveraging a Life Insurance Policy Review
How often do you talk to your clients about their current life insurance coverage? Annually? Once in a while? Hardly ever? We’ve created this website to show you how a Life Insurance Policy Review (LIPR) can protect your clients’ future by verifying their current life insurance policy matches their everchanging, current needs. The LIPR appointment also opens up opportunities for cross-selling additional products and generating referrals (family, friends, co-workers)!
Leveraging a Life Insurance Policy Review
How often do you talk to your clients about their current life insurance coverage? Annually? Once in a while? Hardly ever? We’ve created this website to show you how a Life Insurance Policy Review (LIPR) can protect your clients’ future by verifying their current life insurance policy matches their everchanging, current needs. The LIPR appointment also opens up opportunities for cross-selling additional products and generating referrals (family, friends, co-workers)!
Life Insurance Policy Review Made Easy!
We’ve simplified the Life Insurance Policy Review process by creating a three-part whitepaper series focusing on Why the LIPR is important, How to Perform the LIPR, and How to Market the LIPR to your clients and prospects. Click the button below and complete the form to receive these free resources!
Why a LIPR is ESSENTIAL to Your Clients & Your Business!
The pandemic taught us how the unexpected can wreak havoc on our lives. Unforeseen and planned life events can provoke the need for more life insurance coverage due to health issues, marital status changes, a new child/grandchild, and many other factors. By adding a Life Insurance Policy Review to your client conversations, you can maintain a guaranteed conversation on an annual or semi-annual schedule outside of your regular calls and emails. The LIPR also protects your book of business plus could generate additional sales opportunities and referrals!
Agent Testimonial
"Policy reviews are one of the most underutilized tools at advisors’ disposal. The life insurance market is always innovating and adjusting to changing circumstances, and a once-and-done life insurance policy rarely adjusts to our client’s changing needs and circumstances. Divorce, remarriage, children, grandchildren, career change, liquidity event, business transaction, home purchase, and so on… any variety of changes may call for reworking a client’s life insurance solution(s). Even if the end result of a policy review is “you’ve got great coverage, keep it!” that strengthens the value we add in providing clients with a secure financial future." - Michael S., CLTC, LACP, LUTCF
Agent Testimonial
"Policy reviews are one of the most underutilized tools at advisors’ disposal. The life insurance market is always innovating and adjusting to changing circumstances, and a once-and-done life insurance policy rarely adjusts to our client’s changing needs and circumstances. Divorce, remarriage, children, grandchildren, career change, liquidity event, business transaction, home purchase, and so on… any variety of changes may call for reworking a client’s life insurance solution(s). Even if the end result of a policy review is “you’ve got great coverage, keep it!” that strengthens the value we add in providing clients with a secure financial future." - Michael S., CLTC, LACP, LUTCF
Getting Started
The Life Insurance Policy Review becomes easy and natural for you and your clients, but the most essential pieces are needed from your client and/or the carrier. We’ve broken down the steps to prepare for the LIPR appointment, documents to make the LIPR process easier, and some recommendations on what to discuss during that LIPR conversation. How do you perform a LIPR with your clients? Our free whitepapers make the LIPR simple for both you and your clients! Click here to request this whitepaper!
Reasons for a Life Insurance Policy Review
● Protecting Your Clients
● Life Changing Events
● New vs. Old Life Insurance
● Changes in Your Clients’ Health
● Living Benefit Features
Staying CONNECTED
Do you send out emails to your clients? Are you connected on a social media platform like Facebook? If you answered “no” to either question (or both), we have created a whitepaper on selecting email marketing platforms and social media marketing sites to maintain communication with your clients. We also have social media graphics and videos to share online and potentially spark a Life Insurance Policy Review appointment! Get started by requesting our marketing whitepaper below.
Staying CONNECTED
Do you send out emails to your clients? Are you connected on a social media platform like Facebook? If you answered “no” to either question (or both), we have created a whitepaper on selecting email marketing platforms and social media marketing sites to maintain communication with your clients. We also have social media graphics and videos to share online and potentially spark a Life Insurance Policy Review appointment! Get started by requesting our marketing whitepaper below.
Cross-Selling and Referral Opportunities
Your clients' needs change from being single to getting married to starting a family to planning for retirement – and everything else in-between. Life events could involve necessary changes to life insurance. The LIPR appointment also could open up retirement planning conversations about annuities, long-term care insurance, and even Medicare. It doesn’t hurt to ask a few questions during the Life Insurance Policy Review, and it never hurts to ask for a referral!
Cross-Selling and Referral Opportunities
Your clients' needs change from being single to getting married to starting a family to planning for retirement – and everything else in-between. Life events could involve necessary changes to life insurance. The LIPR appointment also could open up retirement planning conversations about annuities, long-term care insurance, and even Medicare. It doesn’t hurt to ask a few questions during the Life Insurance Policy Review, and it never hurts to ask for a referral!
About Us
Time for a Review was created to help independent life insurance wholesalers and agents perform Life Insurance Policy Reviews (LIPR) for their valued clients. This annual or semi-annual process helps you stay in touch with your clients as well as adjust their life insurance policy (as needed) due to scheduled or unforeseen life events. The LIPR also provides sales opportunities to promote other retirement planning products including annuities, long-term care insurance, disability insurance, or Medicare supplements (for qualified consumers). ©2024