Policy inforce report is a summary document produced by an insurer that shows the current status and key values of an active life insurance policy. It typically includes information such as face amount, policy date, premium mode and amount, current cash value, surrender value, outstanding loans, beneficiary designations, and any riders in effect. Some inforce reports also provide limited projections, upcoming premium due dates, and contact information for servicing. Unlike a full policy illustration, which projects future performance in detail, a policy inforce report focuses on actual, current data. It is a foundational tool for policy reviews, helping clients and advisors understand exactly what coverage exists today and how the contract has performed since issue.

In everyday advisory work, policy inforce reports are requested before client review meetings, especially when evaluating whether existing coverage still matches needs or when considering changes, loans, or replacements. Advisors use the report to verify that premiums are paid as expected, check loan balances, confirm riders, and ensure that beneficiary and ownership information is up to date. When clients have multiple policies across carriers, collecting inforce reports allows the advisor to build a consolidated view of their protection portfolio. If concerns arise-such as low cash values, impending lapse, or outdated beneficiary designations-the advisor can then request a full inforce illustration or recommend corrective actions. Understanding policy inforce reports allows advisors to ground planning conversations in accurate, carrier-provided data and to document reviews as part of a disciplined, ongoing service process.