Transamerica Settles Cost of Insurance Increase Litigation

By |2018-10-08T18:44:33+00:00October 8th, 2018|Categories: BLOG, Uncategorized|Tags: , , |

In 2015 we reported on a Transamerica cost of insurance (COI) increase on a block of universal life policies and illustrated the 40% increase in COI on one policy affected raised the annual carrying costs to maturity for that policy from $36,400 to $81,595.  That cost increase led to three separate class action lawsuits that were [...]

Directed TOLI Trusts – the Good, the Bad and the Best Solution

By |2018-09-26T13:31:13+00:00October 1st, 2018|Categories: BLOG, Uncategorized|Tags: |

Directed TOLI Trusts – the Good, the Bad and the Best Solution After over a decade in the TOLI (trust-owned life insurance) business, we are aware of trends that come and go. One trend we are seeing more and more lately is the use of directed TOLI trusts. Directed trusts divide the responsibilities of the trust [...]

California Issues Regulations Concerning Cost of Insurance Increases on Life Insurance

By |2018-09-26T13:28:40+00:00September 26th, 2018|Categories: BLOG, Uncategorized|Tags: |

California Issues Regulations Concerning Cost of Insurance Increases on Life Insurance Almost exactly a year ago, we wrote about a new regulation implemented by the New York State Department of Financial Services to “govern life insurance company practices related to increases in the premiums” of life insurance and annuity policies. That regulation required carriers raising rates [...]

The Life Insurance Trust Company Process

By |2018-09-11T19:23:49+00:00September 19th, 2018|Categories: BLOG|Tags: |

In our last post, we highlighted the fact there finally is a solution for those TOLI trustees that share a common problem - orphan trusts - life insurance trusts with grantors who have no other business relationship with the bank or trust company. That solution is Life Insurance Trust Company (LITC), an affiliated company started under [...]

Life Insurance Trust Company Completes Bulk Transfers of Life Insurance Trusts

By |2018-09-18T13:56:59+00:00September 18th, 2018|Categories: BLOG|Tags: |

Life Insurance Trust Company Completes Bulk Transfers of Life Insurance Trusts Establishes unique and proven process to transfer ILITS from Banks and Trust Companies Sioux Falls, South Dakota, September 18, 2018: Life Insurance Trust Company (LITCO), the only trust company focused exclusively on life insurance trusts, recently completed two court approved bulk transfers of life [...]

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This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.