Financial Underwriting Guidelines

The total amount of life insurance on any one life should be roughly equivalent to the amount of financial loss sustained should that person die.

The following financial underwriting guidelines are used by attorneys, financial planners, insurance companies and insurance brokers to determine the maximum amount of insurance that can be carried by an individual policyholder.

In some cases, the face amount may exceed the parameters used in determining the maximum face amount.  These cases include: 1) a child who will require medical care during his majority; 2) a family history that may be passed on to the insured; 3) a spouse who may need life-long care or 4) parents or siblings who rely on the insured for financial support.