1. Policy Basics
- Policy owner, insured person, and beneficiaries are correct.
- Coverage amount is known.
- Premium amount and payment schedule are clear.
- Policy type is understood: term, whole life, VUL, or another structure.
2. Protection Fit
- Coverage reflects current dependents and family obligations.
- Parents, spouse, children, loans, or business responsibilities are included in the review.
- Critical illness or health-related benefits are understood.
- You know what would happen if you missed payments.
3. Cost And Commitment
- You know how long premiums need to be paid.
- You understand charges, riders, and optional benefits.
- You know whether the policy builds cash value or investment value.
- You understand surrender or withdrawal consequences.
4. Review Questions For Your Advisor
- What problem was this policy designed to solve?
- What would make this policy no longer suitable?
- What assumptions should I not make about returns or guarantees?
- What should I review every year?
Reflection Prompts
Write these down before you ask for advice.
- Who would be financially affected if I were gone or unable to work?
- Does my current coverage protect that reality?
- What part of this policy still feels unclear?
- What changed in my life since I bought this?
Next Step
Turn the guide into a clearer decision.
Use this guide before a policy review so the conversation starts with your actual responsibilities, not just product details.