An initial review for an existing annuity policy or proposal performed by Life Insurance Advisors, Inc., Fee-Only Insurance Consultants, provides an inexpensive and objective first or second opinion about such an investment that you may be considering.

The initial review is a very affordable, efficient means of determining whether your current annuity offers a sound and efficient investment or whether you could likely do better with a different company and/or annuity policy or with different policy features/riders or, perhaps, by withdrawing the money from the annuity and making a similar investment without the extra costs of an annuity.

We will identify the criteria to use in deciding whether to continue the investment in the current annuity or whether it would be feasible and cost-effective to switch to another annuity that might have lower annual and total costs over the remaining period of the investment. Minimizing policy and investment expenses is a key objective.

An initial review for an existing annuity is based on information and answers that the client provides in a questionnaire. The questionnaire asks about the existing annuity policy (including obtaining a copy of the annuity policy contract - and prospectus if it is a variable annuity) and the purpose of the annuity sufficient for us to provide an objective opinion (“objective” because we do not sell insurance) about the best alternatives to pursue.

We are pleased to offer this independent and objective service – and to do so for a bargain rate that makes it affordable for large numbers of individual consumers.

When you fill out the questionnaire, submit it, and pay the fee of $100 with a credit card, we will respond with our written review of the steps you should follow in seeking what will most likely provide the best options for you. The fee is slightly more expensive than for basic life insurance reviews because of the many variations in contractual provisions in annuities relating to multiple contractual charges and investment management expenses with a variable annuity and such policy features and riders as guarantees of death benefits, highest annual valuations, minimum income in the distribution phase and so forth.

We look forward to assisting you.