The TOLI Handbook – Chapter 16: Remediation, the Weak Link for Trustees

By |2018-08-08T10:00:30+00:00August 8th, 2018|Categories: General Interest, Policy Management, The TOLI Handbook, TOLI Administration|Tags: |

A TOLI trustee we work with received a request from a grantor tired of gifting to pay premium on his portfolio of whole life policies. His agent suggested that the three policies be replaced with one policy with a reduced death benefit. The existing portfolio totaled $5.7 million of coverage.  The agent proposed transferring the $2.1 [...]

The TOLI Handbook – Chapter 10: Understanding Equity Index Universal Life

By |2018-07-17T06:55:15+00:00July 17th, 2018|Categories: Equity Index Universal Life, General Interest, Policy Management, The TOLI Handbook|

Equity index universal life (EIUL) is the hottest product in the permanent life insurance marketplace. The “star of the life insurance show” according to one published report (1) that is touted as providing the upside of the equities market without the risk of loss. The carriers accomplish this by crediting the EIUL policy with the positive [...]

ITM TwentyFirst Alert: Lawsuit Filed Against John Hancock for COI Increase

By |2018-06-11T15:56:46+00:00June 11th, 2018|Categories: Cost of Insurance (COI) Increase, Current Assumption Universal Life, General Interest, Policy Management|

In February of 2017 we reported John Hancock had placed restrictions on certain inforce illustrations. At that time, we mentioned this was a possible precursor to a cost of insurance increase.  A year later the carrier notified the New York Department of Financial Services that it would be raising the cost of insurance (COI) on some [...]

The Life Insurance Trust Company Solves Major Problems for Veteran Life Insurance Agents and Advisors

By |2018-06-04T06:33:32+00:00June 4th, 2018|Categories: General Interest, Policy Management, TOLI Administration|

Four years ago, it was reported that the average age of a financial advisor in America was 51, with 43% over the age of 55 and many heading towards retirement (1). One year later, an industry publication noted that the average age of a US life insurance agent was even higher — 59 (2). Many veteran [...]

TOLI Trustees Can Gain Guidance From 401(k) Lawsuits (and the TOLI Handbook)

By |2018-05-19T06:26:06+00:00May 19th, 2018|Categories: General Interest, News, TOLI Administration|

In the past, we have written about 401(k) lawsuits flourishing and what trust owned life insurance (TOLI) trustees can learn from them. This week, a research paper concerning 401(k) lawsuits landed on our desks that can provide guidance to trustees handling life insurance. The report published by the Center for Retirement Research at Boston College notes [...]

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