Episode notes
Are 88% of existing life insurance policies really set up to never pay a beneficiary—or is yours one of the smart exceptions?
Episode summary: Frank Campbell breaks down why so many life insurance policies underperform or lapse—and how a plain-English audit can save families from nasty surprises. We unpack conditional vs. true guarantees, internal carrier charges, optimistic return assumptions, AI-driven underwriting, the 2-year contestability window, and the #1 paperwork mistake that sends checks to the wrong person. If you’ve been “set it and forget it,” this is your wake-up call.
Key takeaways: → A real audit = carrier data + written verification of beneficiaries, funding, internal charges, and how long the policy lasts at current inputs. → Conditional guarantees are the iceberg; ...
Keywords
life insurance policy audit, life insurance policy review, beneficiary designation mistakes, prevent policy lapse, contestability period life insurance, conditional guarantees life insurance, universal life policy review, term vs whole life, independ