What to check before a life-insurance anniversary
A policy review should start with documents and changing coverage needs, rather than a promise that a higher illustrated return is available.
Gather the right records
Obtain the contract, most recent annual statement, original illustration, current in-force illustration if available, premium schedule, riders and outstanding policy loan information.
Compare with care
Record guaranteed values separately from illustrated values. Compare dates and definitions before identifying a drift; a different dividend option or premium amount may explain changes.
Check life events
Consider changes in dependants, debts, business needs, beneficiary designations and affordability. An individual recommendation or policy replacement should involve an appropriately licensed professional.
Keep a traceable record
Save which documents were checked, when, which questions remain open and what was confirmed by the insurer. Our audit guide explains the limits of text extraction.
Independent educational software prototype. Not affiliated with an insurer or regulator. No individual advice, official quotes, coverage, underwriting or transactions are provided. Information reviewed for prototype on 11 Nov 2026.