Letter Of Engagement

A letter of engagement clarifies what your advisor is doing. The letter typically shows

  • the names of the insurers represented
  • the name of the insurer who would issue the policy
  • the advisor would receive compensation from the insurer for selling the policy
    • actual amount of compensation does not need to be disclosed

The letter can also specify what is beyond the scope of the engagement. For example, tax advice, legal advice and investment advice. Your risk advisor would then work with your advisors with expertise in those areas.

The letter can also specify the need for ongoing contact to keep up to date with changes in your plans, your circumstances and the results achieved.

  • annual meeting in person
  • ongoing contact by email, phone or mail

Naturally, results improve if you take a proactive role designing your future by informing your advisors when material changes occur.

Generally, you and the advisor would sign copies of the letter of engagement.

goal: to include samples, once found

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