What’s an insurance audit – and why is it the smartest first step to making sure you’re covered?

If you already have life, disability, or critical illness insurance in place, you might feel like you’ve “checked the box.” Coverage? Done.

But here’s the thing: most people have no idea what their insurance actually covers – or if it’s still working for them.

That’s why we offer something called an insurance audit. It’s not about selling you more insurance. It’s about helping you understand what you already have; where the gaps or overlaps may be; and how to make your coverage smarter, simpler, and more aligned with your life.

Let’s walk through what an insurance audit is, how it works, and why it’s often the smartest place to start – whether you’re protecting your family, your business, or your legacy.

What is an insurance audit?

An insurance audit is a thorough review of your current insurance coverage, including life, disability, critical illness, and business-related policies. It helps you understand:

• What coverage you have now
• Whether it still fits your current needs
• What changes, if any, would improve your overall protection
   

Think of it like a health check-up for your insurance.

You may have bought a policy years ago, through your bank or employer. Or maybe you’ve had a few different advisors over time. Most people accumulate policies over the years, but don’t always revisit them.

An audit brings everything into focus.

Why your current coverage might need a second look

Life changes, but your insurance doesn’t automatically change with it. Here are just a few reasons why your current policies might need a refresh:

• You’ve changed jobs or started a business
• You got married or had children
• Your mortgage, income, or debt levels have changed
• You now have group benefits and aren’t sure how they overlap
• You’re planning for retirement, succession, or legacy goals
• You don’t understand how your current policies actually work
   

Even well-designed coverage can become outdated or misaligned. An audit helps catch those gaps – and shows you how to fix them.

What does an insurance audit include?

Our insurance audit is personalized and pressure-free. Here’s what it typically involves:

1. Gathering your current policies

We collect all your existing insurance details: term, whole life, disability, critical illness, and anything else you’ve purchased or received through work or other financial institutions.

2. Understanding your current needs

We talk through your life stage, family situation, career, financial goals, and anything else that might impact your insurance needs.

3. Analyzing the fit

We assess whether your current policies:

• Match your income and lifestyle
• Support your dependents or business
• Cover the right risks at the right level
• Are cost-effective and still in good standing
   

4. Recommending improvements (if needed)

We’ll suggest changes if your coverage is outdated, too expensive, or leaves gaps. Sometimes that means restructuring a policy. Other times, it might mean replacing or adding coverage – or doing nothing at all if your plan is already in great shape.

You get a clear, personalized report with zero pressure to buy anything.

What are the benefits of an insurance audit?

You might be surprised at how much clarity you gain. Here’s what most of our clients walk away with:

1. Confidence in your coverage

You’ll understand exactly what you have and why it’s there. No more guessing or hoping you’re “probably covered.”

2. Protection that grows with you

Your coverage should reflect your current life – not who you were 10 years ago. An audit keeps your plan aligned with your goals.

3. Better value

We often uncover ways to reduce costs, eliminate overlapping policies, or improve coverage with minimal change in premium.

4. A clear strategy going forward

Whether it’s planning for your children’s education, funding a buy-sell agreement, or supporting your retirement goals, the audit gives you a foundation to build from.

Who is an insurance audit for?

Honestly? Just about everyone. But it’s especially helpful if:

• You have multiple policies and aren’t sure how they all work together.
• You’re going through a major life change (marriage, new child, new business, nearing retirement).
• You’ve never reviewed your coverage – or it’s been more than 3 years.
• You’re working with a financial advisor, lawyer, or accountant and need the insurance piece to fit your larger plan.
   

If you’re unsure where to start, this is it.

Why it’s our signature service

We believe great insurance planning starts with clarity. We also believe people shouldn’t feel rushed into decisions they don’t understand.

That’s why we begin every client relationship with an audit.

It’s the most effective way to:

• Get to know you.
• See what’s working (and what’s not).
• Design a plan that truly fits – without the guesswork.
   

And it’s why clients come back to us, year after year, to revisit and refine their coverage as life evolves.

Your next step

If you’ve ever said:

“I think I have some insurance, but I’m not sure what it covers.”
“I bought something through my bank years ago – and have no idea if it still fits.”
“I’m not sure if I have enough, or too much.”

Then an audit is for you.

It’s easy, it’s clear, and it’s the first step toward smarter coverage that protects what matters most.

Want to get started?
We’ll help you make sense of your coverage—and create a strategy that works for where you are, and where you’re going.