September 28, 2021

Life Insurance Awareness Month: Did you Know?

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In recognition of Life Insurance Awareness month, here are some key questions to consider.

Are your beneficiaries updated?

Any life changes such as a marriage, divorce, or loss of a loved one may necessitate the need to adjust your beneficiaries.

Did you know… insurance companies typically only offer a 30-day grace period if you’re late on a premium payment?

Unfortunately, if someone is going through a health challenge, their premium due dates may get away from them. Offering to track a loved one’s payment schedule may prove to be one of the most valuable things you can do for them and their family.

Is your life insurance policy going to attract state or federal estate taxes?

Ownership and beneficiary designations should be reviewed for maximum tax efficiency.

Does your current life insurance policy qualify for a long-term care rider?

Many newer, hybrid policies can offer benefits while living or upon death.

Do you have a charitable cause that is important to you?

Existing or new life insurance policies can be a tremendous asset to leave to your favorite charities.

If you are a business owner, have your
business life insurance policies been reviewed?

Businesses are subject to various rules and regulations around corporate owned life insurance policies. If they haven’t been reviewed recently, now may be a great time to request a review.

Simply reply to this email if you would like to
discuss any one of these questions in more detail.


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Kevin Forootan, CPA/CGMA
Partner – Woodland Hills, Beverly Hills
DK Wealth Management LLC
21600 Oxnard Street, Suite 2000
Woodland Hills, CA 91367

Tel 818-385-0585

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Livia Benjamin, CPA
Principal Partner – La Jolla
DK Wealth Management LLC
4225 Executive Square, Suite 900
La Jolla, CA 92037

Tel 858-642-5050

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Kristopher Lindley, CFP®
Financial Consultant
DK Wealth Management LLC
12555 High Bluff Drive, Suite 210
San Diego, CA 92130

Tel 619-550-4619

DK Wealth Management LLC | La Jolla | University Heights | Woodland Hills | Beverly Hills

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