Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Wednesday, January 29, 2014

Due Diligence Questions for Buyers of Life Insurance

Question

It’s important for physicians and business owners to ask the right questions about a life insurance policy considering the significant investment often involved and the potential exit costs.  Here are the core concepts to be aware of:

  • What is my annual premium and will it change? 
  • Can you show me the policy illustration? 
  • Does this policy have a cash value? 
  • Is the policy protected from creditors? 
  • How long will my policies last? 
  • What would be my exit strategy?

See Ike Devji, Life Insurance for Doctors and Business Owners – Key Due Diligence Questions for Buyers, Pro Asset Protection, Dec. 17, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/01/due-diligence-questions-for-buyers-of-life-insurance.html

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