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  • Wealth Defence Life Insurance Assessment
For estate lawyers and CPAs

Is your client's life insurance still doing its job?

Every policy was bought for a reason. Few are ever checked to see if they still serve it.

Make an introduction →
See how it works
The problem

Policies are set up once, and rarely looked at again.

Every life insurance policy was bought to do a job.

Protect a family. Fund a partner buyout. Cover the tax bill at death. But most policies were set up years ago, often by someone else, and your client’s life and business have changed since. Reviewing the policy isn’t part of your mandate, so it rarely happens. Nobody knows if it can still do the job.

What a review usually uncovers

What we often find
  • Beneficiaries that no longer match the will.
  • A buyout funded by a life insurance policy that's too small, has lapsed, or is owned by the wrong party.
  • A corporate-owned life insurance policy sitting in the operating company when the owner wants to sell.
  • A client who wants to stop paying premiums, without knowing what cancelling will cost.
  • An original advisor who retired years ago, so nobody is looking after the policy.
  • Coverage sized for a business or estate half the size it is today.
What's at stake
  • The death benefit goes to the wrong person, or ends up in the estate when it didn't need to.
  • A partner leaves and there isn't enough to fund the buyout.
  • A business sale gets harder and more expensive.
  • A cancelled life insurance policy triggers tax, and the coverage can't be replaced at the client's age or health.
  • The plan you built doesn't do what you designed it to do.

How we help

01

Introduce

One sentence to your client. You don’t need to know what’s wrong.

02

Review

I meet with the client and go through every life insurance policy they own.

03

Answer

A plain answer: keep it, fix it, or rethink it. Sometimes the fix is just a form.

04

Report back

With the client’s permission, you get a summary for your file. Anything legal or tax comes back to you.

You make the introduction. We handle the rest.

Have a client whose policy nobody has checked? Start with one introduction.

Peter Lount  ·  Return On Life  ·  Wealth Defence  ·  Toronto, Ontario
647 697 5022  ·  info@returnonlife.ca

Book a Call with Peter →
Call 647 697 5022

Peter does not provide legal or tax advice. Any legal or tax matters identified in the assessment are referred back to the client’s lawyer and accountant.