Periodic Reviews

Comprehensive periodic reviews of in-force insurance policies are conducted at client-selected intervals.

Plan Updates

Member Firms often provide a detailed consolidated listing of policies, contacting each insurance carrier to collect current policy data (death benefit, cumulative premiums, cash values, and outstanding policy loans).  Member Firms also verify contact information, owner/beneficiary designations, and policy assignments for their clients.

Carrier Due Diligence

Consistent with M Financial’s commitment to due care, many Member Firms utilize resources (including VitalSigns®) to confirm carrier ratings and financial information from the major ratings agencies, including A.M. Best, Moody’s, Standard & Poor’s, and Fitch.  Also available to clients is the carrier Comdex score, which is the composite index based on the ratings received by the carrier.  It is expressed by the average percentile ranking (1% – 100%) for all the ratings, and therefore gives the carrier’s standing in relation to other rated carriers.

Benchmark Comparisons and In-force Illustrations

Member Firms often obtain current in-force illustrations and compare actual policy performance to a benchmark illustration, established at policy issue.  After researching and explaining any discrepancies, the Member Firm may revise the benchmark (depending on the policy status).

Observations and Recommendations

Typically, Member Firms continually review their clients’ changing needs, which may warrant plan or policy modifications.  This may include ownership/beneficiary changes, scheduled planned premium changes, underwriting class improvements, conversion opportunities, new product developments, and additional coverage needs.  The findings and recommendations will typically be summarized for review.  In addition, Member Firms will note any future actions as a result of the analysis.