In early April, you should have received a packet of information from your financial advisor at Fragasso Financial Advisors recommending a life insurance review.

This packet was sent to you because changes in the life insurance market have prompted many of our clients to request an audit of their existing life policies to confirm that (1) their coverage continues to address their needs; and (2) their policies are performing as intended. Although a formal review of your life insurance coverage was conducted at the time of your initial financial plan, it may have been a while since that review took place. Over time your personal, professional, and health status can change which may positively or negatively impact your life insurance needs. Because of these inevitable changes during your lifetime, we recommend that all of our clients participate in a periodic life insurance review.

A formal review of your existing life insurance policies will confirm that your coverage is aligned with your current financial needs and that the policies are performing to expectations. If we find that is not the case, we will offer recommendations to optimize their potential.

During the review we will assess your policy or policies for:

1. Design - Is the policy type, ownership, beneficiary designations, trust integration and premium strategy current? Does it still fulfill your needs?
   
   
2. Performance - Are funding levels sufficient to maintain coverage in the current interest rate and equities environments?
   
   
3. Premium Efficiencies - Life insurance coverage continues to evolve. Newer policies tend to be more efficient. In addition, new payment structures often give rise to significant cost savings.
   
   
4. Unique Requirements - Our expertise and focus is centered on the distinct needs of our clients. Our recommendations will address financial and familial obligations, intergenerational planning, charitable bequests, estate and gift tax minimization and any additional needs unique to your family.

As a client of Fragasso Financial Advisors, this service is being offered to you at no cost. In order to properly evaluate your life insurance portfolio, however, you will need to spend some time in completing an insurance questionnaire. Upon receipt of the completed questionnaire, your financial advisor will begin to evaluate your insurance configuration and will contact you once that process has been completed to discuss the analysis.

We encourage you to take advantage of this opportunity to ensure that your family, your business, and your assets are properly protected. To request a life insurance review questionnaire, please contact your financial advisor at 412.227.3200.