--- title: How is My Life Insurance Policy Performing? description: Like all agreements, life insurance needs adjustments from time to time to perform at its best. Learn more about the benefits of a policy audit. image: https://blog.advisors-resource.com/hubfs/Untitled%20Design-2.png --- [Skip to content](https://blog.advisors-resource.com/blog/is-my-life-insurance-policy-performing#main-content) ![advisors-resource-company-logo-horizontal-full-color-green-1](https://blog.advisors-resource.com/hs-fs/hubfs/advisors-resource-company-logo-horizontal-full-color-green-1.png?width=150&height=65&name=advisors-resource-company-logo-horizontal-full-color-green-1.png) - [Home](https://advisors-resource.com/) - [Who we Serve](https://advisors-resource.com/who-we-serve/) Show submenu for Who we Serve - [CPAs](https://advisors-resource.com/cpas/) - [Business Owners](https://advisors-resource.com/business-owners/) - [Financial Professionals](https://advisors-resource.com/financial-professionals/) - [Webinars & Blogs](https://advisors-resource.com/webinars-case-studies/) Show submenu for Webinars & Blogs - [Our Blog: Industry Insider](https://blog.advisors-resource.com/blog) - [Webinars](https://advisors-resource.com/webinars-case-studies/) - [Contact](https://advisors-resource.com/contact-us/) Open main navigation Close main navigation - [Home](https://advisors-resource.com/) - [Who we Serve](https://advisors-resource.com/who-we-serve/) Show submenu for Who we Serve - [CPAs](https://advisors-resource.com/cpas/) - [Business Owners](https://advisors-resource.com/business-owners/) - [Financial Professionals](https://advisors-resource.com/financial-professionals/) - [Webinars & Blogs](https://advisors-resource.com/webinars-case-studies/) Show submenu for Webinars & Blogs - [Our Blog: Industry Insider](https://blog.advisors-resource.com/blog) - [Webinars](https://advisors-resource.com/webinars-case-studies/) - [Contact](https://advisors-resource.com/contact-us/) Jul 27, 2020 3:45:00 PM # How is My Life Insurance Policy Performing? ![Picture of Ralph Pence](https://app.hubspot.com/settings/avatar/d41d8cd98f00b204e9800998ecf8427e) [Ralph Pence](https://blog.advisors-resource.com/blog/author/ralph-pence) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.advisors-resource.com/blog/is-my-life-insurance-policy-performing) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.advisors-resource.com/blog/is-my-life-insurance-policy-performing) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.advisors-resource.com/blog/is-my-life-insurance-policy-performing) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.advisors-resource.com/blog/is-my-life-insurance-policy-performing) [envelope icon](mailto:?body=https://blog.advisors-resource.com/blog/is-my-life-insurance-policy-performing) Life insurance can be confusing for most people. When you first purchased life insurance, it all made sense. However, like most clients, you put the policy into a drawer, pay the premiums, and do not given it much thought. Well, **life happens**. Situations change and needs shift. In addition, the life insurance industry has gone through changes as well. Unless your agent is reviewing your life insurance needs on a consistent basis, it would be a *coincidence* if the policy you have is the right kind, right amount, and satisfies your current needs. **How can you determine if your current policy is performing well?** The solution is a Life Insurance Audit. ## What is a Life Insurance Audit? A [life insurance audit](https://lp.advisors-resource.com/life-insurance-audit) is an evaluation of a current life insurance policy to determine if what you have matches what you currently need. There are three aspects to a life insurance audit: 1. Do I have the right amount? 2. Do I have the right kind? 3. Is it structured optimally? The goal of a life insurance audit is to strike the correct balance between what you are paying (premiums) and the benefit your and/or your family will receive (death benefit or cash value). ![life insurance audit](https://blog.advisors-resource.com/hs-fs/hubfs/2-17%20Insurance%20Audit%20Webinar.jpg?width=363&name=2-17%20Insurance%20Audit%20Webinar.jpg) ### Why is a Life Insurance Audit Important? Just like any other financial investment, it is important for this asset to be managed. A life insurance audit is intended to identify any areas of improvement and either maintain or improve your current policy to match your current needs. By analyzing the existing policy, re-evaluating products, and reviewing current goals, a life insurance audit can improve your financial outlook. Common results include: - reduced premium - increased coverage - higher distributions - better living benefits (critical illness, chronic illness or even LTC benefits) - better cash value accumulation - improved guarantees All agreements need to be reviewed and updated from time to time to make sure it's performing at it's best. Life insurance is no different. Contact your life insurance professional to get the process started. At Advisors Resource Company, we have the tools and expertise to assist you with the process. [![Schedule a Time to Speak with our On-Staff CFP](https://no-cache.hubspot.com/cta/default/6074374/2bb29446-7ef1-45c0-ab52-474fd0b53aac.png)](https://cta-redirect.hubspot.com/cta/redirect/6074374/2bb29446-7ef1-45c0-ab52-474fd0b53aac)   [Policy Audit](https://blog.advisors-resource.com/blog/tag/policy-audit) ## Related posts [![life insurance ](https://blog.advisors-resource.com/hs-fs/hubfs/ARC%20Headers-1.png?height=200&name=ARC%20Headers-1.png)](https://blog.advisors-resource.com/blog/now-is-the-best-time-to-buy-life-insurance) ## [Now Is The Best Time To Buy Life Insurance](https://blog.advisors-resource.com/blog/now-is-the-best-time-to-buy-life-insurance) ![Picture of The Advisors Resource Team](https://blog.advisors-resource.com/hs-fs/hubfs/advisors-resource-company-profile-image-green-white.jpg?width=50&name=advisors-resource-company-profile-image-green-white.jpg) [The Advisors Resource Team](https://blog.advisors-resource.com/blog/author/the-advisors-resource-team) Jun 22, 2020 12:32:22 PM If you are in the market to purchase life insurance, now may be the best time to move forward.... [Read more](https://blog.advisors-resource.com/blog/now-is-the-best-time-to-buy-life-insurance) [![single premium indexed universal life](https://blog.advisors-resource.com/hs-fs/hubfs/Copy%20of%20Copy%20of%20Untitled.png?height=200&name=Copy%20of%20Copy%20of%20Untitled.png)](https://blog.advisors-resource.com/blog/single-premium-indexed-universal-life) [Life Insurance](https://blog.advisors-resource.com/blog/tag/life-insurance) ## [Single Premium Indexed Universal Life](https://blog.advisors-resource.com/blog/single-premium-indexed-universal-life) ![Picture of Jordan Pence](https://app.hubspot.com/settings/avatar/59c5c149de751f6daed462d84605c4a6) [Jordan Pence](https://blog.advisors-resource.com/blog/author/jordan-pence) Apr 3, 2020 2:54:27 PM We are experiencing turbulent economic times recently. Once you combine the volatile equity markets... [Read more](https://blog.advisors-resource.com/blog/single-premium-indexed-universal-life) [![New Opportunities ](https://blog.advisors-resource.com/hs-fs/hubfs/bigstock-Multiethnic-Colleagues-Discuss-345272464-feature.jpg?height=200&name=bigstock-Multiethnic-Colleagues-Discuss-345272464-feature.jpg)](https://blog.advisors-resource.com/blog/iul-vs-gul-for-death-benefit) [Planning](https://blog.advisors-resource.com/blog/tag/planning), [Insurance](https://blog.advisors-resource.com/blog/tag/insurance), [Indexed universal life insurance](https://blog.advisors-resource.com/blog/tag/indexed-universal-life-insurance), [Universal Life Insurance](https://blog.advisors-resource.com/blog/tag/universal-life-insurance), [GUL](https://blog.advisors-resource.com/blog/tag/gul) ## [Issues that May Arise from Pure Death Benefit Products \[IUL vs GUL\]](https://blog.advisors-resource.com/blog/iul-vs-gul-for-death-benefit) ![Picture of Ralph Pence](https://app.hubspot.com/settings/avatar/d41d8cd98f00b204e9800998ecf8427e) [Ralph Pence](https://blog.advisors-resource.com/blog/author/ralph-pence) Nov 30, 2020 1:19:35 PM Life insurance plays an important role in any financial plan. There are a variety of life insurance... [Read more](https://blog.advisors-resource.com/blog/iul-vs-gul-for-death-benefit) facebook-f icon linkedin-in icon Twitter icon instagram icon --- [![advisors-resource-company-logo-horizontal-full-color-green-1](https://blog.advisors-resource.com/hs-fs/hubfs/advisors-resource-company-logo-horizontal-full-color-green-1.png?width=500&height=214&name=advisors-resource-company-logo-horizontal-full-color-green-1.png "advisors-resource-company-logo-horizontal-full-color-green-1")](http://advisors-resource.com) 446 Houston St. Coppell, TX  75019 Copyright © 2026, Advisors Resource Company ![](https://px.ads.linkedin.com/collect/?pid=6950468&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Ralph Pence", "url" : "https://blog.advisors-resource.com/blog/author/ralph-pence" }, "dateModified" : "2022-10-07T16:30:17.581Z", "datePublished" : "2020-07-27T20:45:00.000Z", "headline" : "How is My Life Insurance Policy Performing?", "image" : [ "https://blog.advisors-resource.com/hubfs/Untitled%20Design-2.png" ], "mainEntityOfPage" : { "@id" : "https://blog.advisors-resource.com/blog/is-my-life-insurance-policy-performing", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.advisors-resource.com/hubfs/advisors-resource-company-logo-horizontal-full-color-green.png" }, "name" : "Advisors Resource Company" } } ```