Finally, a Place for Orphan ILITs!

By |2018-09-11T18:20:41+00:00August 22nd, 2018|Categories: BLOG, Life Insurance Investments, News, Policy Management, TOLI Administration, Uncategorized|Tags: |

The last few years have been a tumultuous time in the life insurance trust business.  The prospect base is shrinking after the Tax Cuts and Jobs Act raised the federal estate tax exemption from $5.49M to $11.18M per person.  Today only 1 in 1,000 estates affected by the estate tax (1).  The asset class has become [...]

Lawsuit Filed Against Voya Cost of Insurance (COI) Increase

By |2018-09-11T18:20:41+00:00August 21st, 2018|Categories: BLOG, Cost of Insurance (COI) Increase, Uncategorized|Tags: |

In May of 2016 we reported that the cost of insurance was being raised on a specific block of approximately 18 universal life products originally issued by Aetna Life Insurance and Annuity Company (now Voya Retirement Insurance and Annuity Company.) Lincoln Financial Group was the administrative agent and reinsurer on the policies.   We were unsure of [...]

The TOLI Handbook – Chapter 15: Understanding Life Expectancy Reports

By |2018-09-11T18:20:41+00:00August 15th, 2018|Categories: BLOG, Life Insurance Investments, News, Policy Management, The TOLI Handbook, Uncategorized|Tags: |

In our last blog, we wrote about remediation and the challenges that TOLI trustees have when managing a policy.  Remediation is not just developing the best options for an under performing policy, increasingly it means maximizing the value of a policy that a grantor believes is no longer needed, or one whose expected funding has stopped. [...]

John Hancock Performance UL COI Increases Have Little Clear Pattern

By |2018-09-11T18:20:42+00:00August 6th, 2018|Categories: BLOG, Uncategorized|

In May of this year, we reported that the first letters informing policyholders of the COI increase in John Hancock Performance UL products arrived.  In that post, we noted we would report back when we had reviewed in force illustrations to determine the amount or pattern of the cost increases.  Our NYC office headed up by [...]

JH Hancock Settles Cost of Insurance Case For Over $91 Million

By |2018-09-11T18:20:42+00:00July 23rd, 2018|Categories: BLOG, Uncategorized|

John Hancock, in a court filing posted last Friday in the Southern District of New York, agreed to pay just over $91 million to plaintiffs who participated in a lawsuit alleging the carrier had forced them to pay “unlawful and excessive” cost of insurance expenses in universal life policies.  This particular suit was different than others [...]

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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.