Suitability Review refers to the process through which an insurance professional assesses whether an IUL policy is appropriate for a prospective policyholder based on their unique financial situation, needs, goals, and risk tolerance.
Suitability Review refers to the process through which an insurance professional assesses whether an IUL policy is appropriate for a prospective policyholder based on their unique financial situation, needs, goals, and risk tolerance. This review ensures that the features, benefits, costs, and potential risks of the IUL policy align with the individual's insurance and investment objectives. During a Suitability Review, factors such as the client's age, income, financial obligations, investment experience, and time horison are taken into consideration to determine if an IUL policy is a suitable recommendation.
Suitability Review refers to the process through which an insurance professional assesses whether an IUL policy is appropriate for a prospective policyholder based on their unique financial situation, needs, goals, and risk tolerance.
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