Are 88% of existing life insurance policies really set up to never pay a beneficiary—or is yours one of the smart exceptions?Episode summary: Frank Campbell breaks down why so many life insurance policies underperform or lapse—and how a plain-English audit can save families from nasty surprises. We unpack conditional vs. true guarantees, internal carrier charges, optimistic return assumptions, AI-driven underwriting, the 2-year contestability window, and the #1 paperwork mistake that sends checks to the wrong person. If you’ve been “set it and forget it,” this is your wake-up call.Key takeaways: → A real audit = carrier data + written verification of beneficiaries, funding, internal charges, and how long the policy lasts at current inputs. → Conditional guarantees are the iceberg; small assumption changes cause big premium shocks later. → In Frank’s experience, ~10% of policies are fine; ~80% need fixes, funding changes, or replacement. → Contestability: misstatements in the first 2 years can void coverage—disclose everything and sleep better. → Underwriting is faster/smarter (some no-exam approvals), but medical follow-ups can still stall issuance. → Life events = beneficiary checkups. Out-of-date beneficiaries are the most common (and painful) error. → Use a carrier-agnostic pro to shop multiple companies for your exact risk profile (yes, even occasional cigar folks).Resources mentioned: • Frank’s free e-book: How to Do a Proper Policy Review—No Beneficiary Left Behind (grab it from his website’s “Free Book” page). • Policy Review Flow: LOA → carrier data → findings in English → fix/fund/replace as needed.About our guest: Frank Campbell audits policies, serves as an expert witness in coverage/bad-faith matters, and helps ensure “no beneficiary is left behind.”Call to action: Don’t wait for the iceberg. Book a policy review and download the free e-book today.This episode is for educational and informational purposes only. It is not financial, legal, tax, or insurance advice and does not create a client relationship. Insurance rules, policy features, underwriting practices, contestability periods, and outcomes vary by carrier and jurisdiction; always consult a duly licensed professional who can evaluate your specific situation and policy documents. Guest views are their own and do not necessarily reflect those of the host or the show. Mention of any company, product, or service is for reference only and is not an endorsement or guarantee of results. External links are provided as a convenience; we are not responsible for third-party content. No outcome is promised, and past experiences are not predictive of future results.

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