A Policy Audit refers to the process of evaluating the performance, relevance, and available alternatives for a particular asset. In the realm of personal finance, a life insurance policy represents a significant asset and should undergo regular review to ensure that it continues to align with one's financial goals and needs. Financial experts recommend conducting a policy audit at least once a year to evaluate various factors such as coverage requirements, cost-benefit analysis, potential profitability from selling the policy, and the availability of newer policies in the market.

During a policy audit, one can assess whether the current coverage level is adequate to address the insured's needs or whether changes to the policy are necessary. One should also evaluate the policy's costs and benefits to ensure that the premium payments remain reasonable in comparison to the expected payouts. In some cases, it may be financially advantageous to sell the policy and realize the present value of the policy, particularly if the insured no longer requires the coverage.

Lastly, with advancements in the insurance industry, newer policies may provide better features or more comprehensive coverage at a lower cost. Therefore, a policy audit presents an excellent opportunity to explore newer options in the market and determine whether switching to a new policy makes sense. Overall, conducting a policy audit can help ensure that one's life insurance policy remains a valuable asset in their financial portfolio.

Selling Your Life Insurance Policy Is An Important Decision

How do you know if you will receive the best offer when you sell your life insurance policy? The only way to know for sure is to apply to every licensed buyer in your state, which could be 10-35 different companies. And those direct buyers do not have your best interest in mind, they represent their investors. At Welcome Funds, we've leveled the playing field for policy owners. We negotiate the best offer for you by conducting an auction with these buyers. When buyers complete, policy owners win! One application, multiple buyers—it's what we call... Life Settlements. Simplified.

Welcome Funds Represents You!

Founded in 2000, Welcome Funds is a nationally licensed life settlement broker that represents policy owners who want to sell their life insurance policy in the secondary market. Our institutional life insurance buyers compete in an auction bidding process to ensure that we secure the highest offer from the life settlement market. We've negotiated over 35,000 life settlement offers and provided more than $1 Billion in sales proceeds to our clients. Please review our website to learn more about how we can provide professional representation and expert advice on selling your life insurance policy.

  • It's FREE to Find Out if You or Your Loved One Is Eligible to Sell A Life Insurance Policy
  • There's No Obligation at Any Time
  • Our Life Settlement Qualification Process is Completely Confidential
  • We provide a FREE Personal Consultation & Appraisal

Complete our free, no-obligation Life Settlement Qualifier or call us toll-free at 877.227.4484 to speak with a client care advocate.

Sell Your Life Insurance policy