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Policy Check

Gap Check

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“You've earned it.
Don't lose it.”
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Who We Help

What is the Problem

What is Gap Check?

3 Reasons Why Gap Check is Different


Reports Include


What is the Problem?

Everyone supports the concept of protecting family and assets. Execution is another matter and can be financially fatal if not done well. Here are a few examples:


  • Your client has a $1M life insurance policy. Nice round number, given as a rule of thumb by the insurance agent. The problem is, if the family of a deceased breadwinner spends $150k a year (easily done in states like California), the family will likely run out of cash within five years. Forty-seven percent of adults feel that they need more insurance, but are not sure how much they need. Moreover, most insurance is sold based on round numbers or other useless multiples.

  • A financial advisor asks a client if they have insurance for long-term care. They do! They bought it from CalPERS years ago. Check that box! However, the potential gap is in the benefits, what it covers, and the impact of sizable rate increases. Most policies (yes, most) bought by clients on their own are inadequate. Most people buy the benefit they feel that they can afford, and feel good that they have something. However, the reality is that the benefits may be too low to be of value. Plus with CalPERS, most people do not realize that the threshold to trigger benefits is 50% greater than with other carriers. Moreover, unlike other policies, the coverage differs by the type of care needed.

  • Over 70% of foreclosures are due to the disability of a breadwinner. Most small businesses don’t have insurance for their income, and most small businesses don’t offer disability insurance as an employee benefit. During earning years, the risk of losing income due to disability is three times greater than the loss of life.


What each of these scenarios has in common is the absence of a needs analysis, or what we call a Gap Check. Gap Check is a process that helps assess core potential financial planning risks and needs. It covers key risk management areas like survivorship, key-person, the risk of needing extended care, and the loss of income due to being sick or injured.


What is Gap Check

Gap Check helps advisers and clients answer the following common questions


  • How does our insurance work?

  • If a specific risk were to occur, will this insurance be enough or too much?

  • What is the gap, if any?

  • What do we recommend?


Gap Check is a planning process to assist with the evaluation of a client’s personal need (ex. life insurance, long-term care, disability income) or custom needs and includes specific scenarios, analysis, and education. This process can help protect families plan for their goals and prepare for the lifestyle they seek to maintain.


3 Reasons Why Gap Check is Different?

  1. The first reason might seem like a small point, but is the main reason for this service: Many investment advisors and others in financial services do not offer insurance needs analysis. They may have outstanding tools and advice for investment management and retirement income planning and can help clients manage financial behavior expertly.  However, they may not have the toolbox or licenses needed to analyze a current insurance plan, or create and recommend a risk management plan. Gap Check can help close that gap.

  2. Wealth Preserve® follows the CERTIFIED FINANCIAL PLANNER™ Practice Standards. A CERTIFIED FINANCIAL PLANNER™ with multiple designations oversees the final report.

  3. Wealth Preserve® advisers are long time, honored academics and award-winning insurance planners. Our advisers’ strategies have been published in the national business and finance press and have been recognized as one of WORTH Magazines Top 250 Wealth Planners in the United States.


Fees Starting at

$795     Professional Adviser Fee

$1,295  Non-Advisers Fee

Gap Check Reports Include

  • Observations

  • Executive Summary

  • Recommendation

  • Up to 30+ illustrations and charts, depending on what is assigned

Gap Check has available the following reports, depending on what is assigned:

Survivorship Analysis

  • Basics of Life Insurance (Education)      

  • Life Insurance Summary      

  • Survivor Costs vs. Resources        

  • Survivor Portfolio Assets     

  • Cash Flow 

  • Survivor Costs vs. Resources w/ Added Insurance      

  • Survivor Portfolio Assets w/ Added Insurance   

  • Life Insurance Gap Analysis

Disability Income Replacement Analysis

  • Basics of Disability Income Insurance (Education)  

  • Disability Summary    

  • Cost of Disability        

  • Disability Wealth Effect       

  • Income Protection Objective       

  • Disability Gap Analysis        

  • Cash Flow

Long-Term Care Analysis

  • Basics of Long-Term Care (Education)   

  • Long-Term Care Cost and Payment Options (Education)

  • Long-Term Care Summary  

  • Cost of Long-Term Care       

  • Long-Term Care Wealth Effect     

  • Long-Term Care Gap Analysis       

  • Cash Flow 

GC the Problem
GC Fees
GC What is
GC 3 Reasons
GC Reports Include
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