Life Insurance Review Questions

Life Insurance:
1) Are you the trustee?
2) What is the date of birth of the insured (month and year only)?
3) What is the face value of the life policy?
4) How are the premiums paid (annually, semi-annually, quarterly, monthly, don't pay any premiums)?
5) What is the premium amount (only if not "you don't pay any premiums")?
6) Is the policy suppose to be "paid-up" (only if "we don't pay any premiums")?
7) What is the type of policy (whole life, universal life, variable life, term, second-to-die whole life, second-to-die universal life, second-to-die variable life, second-to-die term)?
8) What is the approximate cash value (if not term or not second-to-die term)?
9) Was the policy originally scheduled to be "paid-up" (if not term or not second-to-die term or not we don't pay any more premiums)?
10) Have the dividends decreased (if whole life or second-to-die whole life)?
11) Has the interest rate decreased (if universal life, variable life, second-to-die universal life, or second-to-die variable life)
12) What is the reason for reviewing life insurance?

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