SelectQuote Platinum provides value by minimizing professional liability for you as the advisor and increasing consumer value for your client.

We provide ongoing due diligence review on request and the associated documentation at no cost to you or your client. Fee-based insurance consultants typically charge from a few hundred to more than a thousand dollars annually per policy to provide similar services.

SelectQuote Platinum removes marketing and agent bias from the evaluation process and focuses on the facts.

We provide objective analysis of existing or proposed life insurance policies as well as a comparison with similar products, enabling you and your client to make an informed decision.

SelectQuote Platinum is your choice for expertise and guidance on life insurance and associated estate planning solutions.

We work closely with you to evaluate current life insurance policies and develop an appropriate strategy as needed. We condense hundreds of pages of information into a clear and concise report summarizing policy information, carrier ratings, and financial information. If our analysis uncovers an issue, we will work with you to implement appropriate changes to assure completion of your client’s objectives.

THE PROBLEM:

According to life insurance industry statistics, a majority of trust-owned life insurance policies are no longer performing as originally projected.

This is largely due to historically low investment performance combined with a lack of ongoing oversight by the insurance agent who originally placed the business. Consequently, many of these policies are now in danger of lapsing before reaching the insured’s life expectancy unless some degree of adjustment or remediation is performed. Given the latest regulatory guidance for administration of life insurance under the Uniform Prudent Investor Act (UPIA), it is now the responsibility of the trustee to perform ongoing due diligence to ensure completion of the trust’s objectives. This increases professional liability for fee-based advisors, trustees and independent financial advisors who provide oversight or guidance on life insurance trusts for their clients.

THE SOLUTION:

SelectQuote, America’s #1 Independent Term Life Insurance Agency introduces a new service bringing peace of mind for fiduciaries and estate planning professionals: SelectQuote Platinum.

SelectQuote Platinum is your source for expertise in the use of insurance in the estate and tax planning process. Our job is to demystify life insurance policies so that you as a professional advisor, can focus on your clients’ estate planning needs. SelectQuote Platinum provides a specialized analysis and remediation process for life insurance without charging an hourly or per policy fee. We work with trust companies, estate & tax planning attorneys, CPAs, and independent financial advisors to review life insurance solutions and provide clear-cut, objective expertise and documentation of ongoing due diligence on request.