It’s an all-too-common scenario: a high-net-worth individual is sold a contract by an insurance agent. After little to no review and with only a surface-level understanding of who they’re insuring, the agent makes their commission, and walks away.
Others affluent individuals resort to ‘self-insuring’. They go along with a policy without fully grasping how it’s structured, and without knowing how to use life insurance as a cash flow tool – or understanding the power of leverage.
The truth is––your life insurance contract needs to be managed and reviewed annually – no differently than any other investment you own.