A life insurance policy is often acquired because the client trusts the agent who first recommended it to him or her.  It's my widely-held belief that these policies are usually in the clients' best interest. However, a major concern is that the client and sometimes the client's closest advisors typically do not understand what factors have an impact on that product's performance over a long period of time.  
 
These factors are: mortality costs, general expenses, lapse rates (persistency), and insurance company returns. If the premiums that are being paid, along with any cash values that might be within the policy, are not sufficient to cover the costs and expenses to maintain the death benefit, the policy could lapse with no value.
 
For this reason, the policy should be reviewed periodically (at least once a year or every two years) to ensure that the policy still provides the financial security that the client desires.
 
After all, a policy is only as good as the product that funds it.
 
Adam Simon Insurance Services, Inc. can provide you with a comprehensive, independent review of
your - or your client's - life insurance policies.