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Top Three Life Insurance Valuation FAQs

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Veriti Consulting is one of a few forensic accounting firms in the US with specialized knowledge to provide life insurance valuation for accounting matters.

Contact certified forensic accounting firm Veriti Consulting LLC at 877-520-1280 Free or email us
to learn more about our life insurance company valuation services.

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Top Three Life Insurance Valuation FAQs

  1. 1. VERITICONSULTINGLLC Top Three Life Insurance Valuation FAQ’s TRUTHBEHINDNUMBERS.COM In-DepthExperienceandUnparalleledExpertise
  2. 2. QUESTION #1 While insurance agents provide annual statements and specific policy internal values, in most instances they will not be considered “qualified appraisers,” as defined by the IRS. A qualified appraiser, in general, is someone who is experienced and credentialed in the valuation field, and spends a significant amount of time preparing valuations as their occupation. It also requires the individual holds her/himself out to the public as a life insurance valuation expert. TRUTHBEHINDNUMBERS.COM In-DepthExperienceandUnparalleledExpertise Why can’t my insurance agent value my life insurance policy?
  3. 3. QUESTION #2 TRUTHBEHINDNUMBERS.COM In-DepthExperienceandUnparalleledExpertise Why do I need my life insurance policy value? Depending on the circumstances, many gifts or transactions involving life insurance policies, including policies held in qualified plans, need to be reported to the IRS. The fair market or cash value of the life insurance policy must be established at the time the transaction occurs. If an audit of the tax return occurs, the valuation report will substantiate the value reported.
  4. 4. QUESTION #3 TRUTHBEHINDNUMBERS.COM In-DepthExperienceandUnparalleledExpertise How is a life insurance policy valued for “fair market value” purposes? Similar to other valuations for business interests or other assets, an appraisal prepared by Veriti Consulting will consider all three standard valuation approaches. These approaches will include an asset, income and market methodology.
  5. 5. THANK YOU THANKSFOR REVIEWINGTHIS PRESENTATION PRESENTATION BY: VERITI CONSULTING LLC 8111E. THOMASRD. #120SCOTTSDALE, ARIZONA 85251 TEL: (877)520-1280 • EMAIL: INFO@TRUTHBEHINDNUMBERS.COM WWW.TRUTHBEHINDNUMBERS.COM
  6. 6. EXPERTTEAM TRUTHBEHINDNUMBERS.COM In-DepthExperienceandUnparalleledExpertise Liz Monty, CPA/ABV, CFF, CFE, CVA, DABFA Managing Director John White, MBA, CPA/ABV, CFF, CFE, CBA, CrFA, ASA Managing Director
  7. 7. CONTACT VERITICONSULTING LLC CONNECTWITHEXPERIENCED FRAUD, FORENSIC& ECONOMICDAMAGES EXPERTS CALL:877-520-1280 EMAIL:INFO@TRUTHBEHINDNUMBERS.COM PRESENTATION BY: VERITI CONSULTING LLC 8111E. THOMASRD. #120SCOTTSDALE, ARIZONA 85251 TEL: (877)520-1280 • EMAIL: INFO@TRUTHBEHINDNUMBERS.COM WWW.TRUTHBEHINDNUMBERS.COM

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