The John Robinson Group

Member of the Trusted Advisor Network

Life Insurance Audit

Most Canadians buy some insurance coverage, put it in a drawer or safety deposit box and forget about it.

We are all very familiar with the concept of refinancing our mortgage.  Seldom do we think about refinancing our Life Insurance.

But since you last purchased Life Insurance, dramatic changes affecting the design, performance and medical underwriting have taken place.  Your Life Insurance is a critical component of your over all risk management and financial portfolio.

Fact, in the last 10 years:

• New medical underwriting has allowed rates (your cost) to reduce substantially.
• New product designs have dramatically increased the flexibility to Insurance buyers.
• CRA Tax changes have allowed business owners the increased ability to deduct premiums.
• Older policies may have unused contractual guarantees that will increase results for clients.

The Robinson Group’s Life Insurance Audit™ is a thoroughly objective evaluation of your current Life Insurance coverage.  The process is designed to determine whether your policies performance is in line with your goals and expectations.

• If there are better rates available.
• If the old contract has any contractual options available.
• If the ownership/ beneficiary provisions are still current, and whether any changes could create a tax advantage for you.

The Life Insurance Audit™ will make or save you money if any of the following events have occurred:

• Rates on your existing coverage have gone up.
• Your health has changes for the better or worse, stopped smoking or lost weight.
• You have concern over the performance of your existing coverage.
• You have NOT heard from your advisor for years.
• You will be selling your company or retiring in the next 10 years.
• You have NOT looked at the feasibility or need for coverage in the last 10 years.