LifeRisk Audit – Policy Performance and Inforce Management

Ever wonder if a client's life insurance policy is doing what you thought it was supposed to? Do they know? Insurance policies are purchased with the expectation the benefit will be paid out in future years.

As an advisor or trustee, it is critical to do a “check-up” on insurance policy performance annually making sure there are no unpleasant future surprises, changes in the need for coverage, or breach of fiduciary obligations.

LifeRisk Architects is your “go-to” solutions firm providing detailed performance audit reporting capabilities powered by our Proformex Analytics tool. We consider many factors when evaluating the performance and suitability of inforce policies to make sure the policy is not at risk of lapsing.

51% of life insurance policies are underperforming or at risk.
25% or more trust-owned life insurance will lapse prior to payment of any death benefits based market studies and research.

LifeRisk Architects

LifeRisk Policy Audits

  • Client Policy Review
  • Carrier Financial Stability
  • Historical and Projected Policy Performance Assessment
  • Review Ownership and Beneficiary Consistency with Plan
  • Premium Evaluation
  • Death Benefit Coverage and Projected Needs
  • Market Analysis Report
  • Life Settlement Estimate for Liquidity

Product Selection and Medical Underwriting Assessment

One of our many strengths is helping you simplify the complex world of life insurance products.

Our Advanced Architects job is to help you design and build solid life insurance solutions selecting appropriate products from the most highly rated carriers.

LifeRisk Architects

At LifeRisk Architects, we:

  • Access hundreds of insurance products utilizing the latest technology.
  • Create customized illustrations and hypotheticals solving for your clients objective.
  • Provide comparison reports analyzing carrier financial strength and performance.
  • Consult with our network of advisors including tax, legal, investment, and trust when you need additional resources to assist in building solid solutions.
  • Introduce you to our Multi-Lender Access Point (MAP) process for financing and payment options.

Math and Science of Underwriting

LifeRisk Architects knows the “insider story” to getting large, complex, and medically impaired risk cases approved. Our partners' knowledge assisting carriers in building products working with actuaries and underwriters advising calculating benefits, risks, and carrier profitability. This insider knowledge translates to tremendous advantage in accomplishing the best outcome for your clients. LRA’s experts will intelligently negotiate the facts and circumstances resulting in optimum pricing, benefits, and product selection. We constantly monitor and evaluate the most highly rated and competitive life insurance products in the U.S. with a deep understanding of the medical conditions and coverage amounts each is most willing to offer.

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Achieve Greater Success working with LifeRisk Architects…

  • Hall of Fame professional athlete secured $100M+ death benefit coverage Placed Inforce
  • Severe sleep apnea postponed by prior submissions, approved at Standard rates with highly rated carrier Placed Inforce
  • Exercised option on $40 Million term policy for client with Stage 4 cancer Conversion, Valuation, and Settlement Liquidation
  • Cancer case declined through prior submissions by others, issued Table B by highly rated carrier Placed Inforce

Multi-Lender Access Point (MAP)

Multi-Lender Access Point MAP is your SINGLE point of entry to understanding and assessing MULTIPLE lenders and financing options available across the market today!

One size does not fit all when it comes to paying for life insurance. The economics are different for every case and every client. Most clients will pay premiums from their own assets.

Others may seek an alternative payment solution or view paying premiums out of pocket as an inefficient use of their invested capital. Most often, it is the client’s advisor who recognizes utilizing leverage to create an arbitrage may be most appealing considering the client's portfolio performance, liquidity, and risk tolerance.

Our team has helped hundreds of advisors over the past 20 years diligently navigate the multitude of lenders and loan options available. We believe alternative premium payment options or “premium financing” should stand up to stringent testing with transparency concerning benefits, risks, fees, suitability, product selection, guarantees, insurance carrier stability, just to name a few.

LifeRisk Architects

MAP Your Financing Solution in 3 Steps:

  • 1

    Discussion with LifeRisk Advanced Architect to gather initial client overview assessing both medical and financial suitability.

  • 2

    Advanced Architect compares case facts with multiple loan options and coordinates a premium/loan discussion for Advisor(s) with one or more identified lenders.

  • 3

    Based on LRA’s completion of medical underwriting with insurance carrier(s) and final product pricing determination, our architects will design a proposal illustrating financing options according to their loan model(s).

LifeRisk Architects

Is very pleased to work with experts who have built proprietary software that will rigorously back test loan and policy performance based on algorithms and historical models. In other words, they try to “break it” to see when and where the policy may underperform or whether utilizing leverage to pay premiums makes sense for the client at all.

“Risk comes from not knowing what you’re doing.”

- Warren Buffet

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Wealth Transfer and Asset Preservation

As a virtual life insurance solutions firm, we thrive on connecting “thought capital” across multidisciplines such as tax, legal, investment, accounting… transforming creative ideas into an alliance of sound solutions solving the complex needs of high net worth clients.

  • Multi-Generational Planning

  • Split Dollar

  • Financing Methods

  • Business Succession

  • Philanthropy

  • Wealth Replacement Trust

  • Charitable Remainder Trusts

  • Identify key insurance features and benefits required
  • Perform competitive analysis search across hundreds of insurance products
  • Intelligently design case scenarios and compliant product illustrations
  • Assess medical risk, pricing adjustments, across carriers, and product selection
  • Introduce MAP lending options as needed
  • Deploy LifeRisk Audit tool for annual policy performance review
  • Provide Trustee Fiduciaries access to LifeRisk Trust Audit Management Tools

“It’s a private solution to a public policy challenge of not enough tax-payers to go around in order to raise the human condition.”
- Theodore

Life Risk Architects is fortunate to have built an alliance of incredible creative thinkers, problem solvers, and world-class teammates.
If you are advising nonprofits and work closely with institutional advancement professionals, CFOs, or high net worth donors, you may qualify by invitation only to engage in discussion with one of our collaborating partners firm.

The firm works with a major capital firm who holds a patented endowment and infrastructure funding solution designed to bridge the gap between traditional deferred giving plans and the immediate needs of a charitable organization. Creating a philanthropic investment opportunity for senior donors that taps into their “Investment Bucket” vs. their “Giving Bucket”, while incorporating planned giving strategies that provide a level of tax efficiency, income security, and wealth replacement.

Tax-exempt organizations rely on generous charitable donations received from its alumni and friends. Often, funds are simply not enough, or not immediately available to support capital needs.

Now, there is a new charitable giving approach – a blend of debt capital financing and philanthropy.

This proprietary philanthropy transaction is expected to generate over $1 billion in 2021 helping nonprofits like higher education institutions and hospitals fulfill their promises to the communities they serve.

International Life Insurance Solutions

  • Foreign Nationals
  • Non-U.S. Citizens
  • Bermuda Based Insurance
  • Private Placement Life Insurance and Annuities

LifeRisk Architects will help find solutions for high-net-worth families, businesses, and individuals who have complex multi-border, multi-national family, and business planning matters.  Access to our global team of experts provide a deep knowledge base and resources who understand tax, asset protection, and domicile considerations.

LifeRisk Architects
LifeRisk Architects

Life Insurance Valuation and Liquidity

Full transparency into the value of an existing life insurance policy and knowing when to access the value is key.  For some clients, liquidating an existing policy could bring a source of funds needed to cover certain triggering life events.  LifeRisk Architects will perform an audit on existing policies and let your clients know its value should they need to liquidate before death.  Many times, settling the policy for greater than the cash surrender value can be achieved, and our LifeRisk Policy Audit system is the beginning to understanding how a policy is not only performing but it’s true value should your client need to liquidate.