How About Just Doing the Right Thing?

By |2018-03-19T08:27:41+00:00March 19th, 2018|Categories: Current Assumption Universal Life, Event, General Interest, News, TOLI Administration, Webinar, Whole Life|

During an ITM TwentyFirst University webinar on trustee liability, I described a replacement case that came into our remediation department. A grantor with a whole life contract in his trust had decided to stop gifting. His agent advised him to complete a 1035 exchange of the cash value from the existing policy into a new current [...]

Mass Mutual Class Action Settlement Means Small Payout for Participating Policyholders

By |2017-05-03T11:35:37+00:00May 3rd, 2017|Categories: General Interest, News, Policy Management, Whole Life|

A class action lawsuit brought against Mass Mutual Life Insurance Company has resulted in preliminary approval of a $37.5 million payout. The payout benefits policyholders of Mass Mutual participating policies held between January 1st, 2001 and December 31st, 2016. A participating policy is one that receives dividends. ITM TwentyFirst has begun to receive notices of the [...]

Dividends at The BIG 4 Carriers Mostly Down, But Are Interest Rates Finally Going Up?

By |2016-11-29T09:06:44+00:00November 29th, 2016|Categories: General Interest, News, Whole Life|

A couple of weeks ago, we reported that Northwestern Mutual had declared its 2017 dividend and had not only lowered it but also increased some costs (see: Northwestern Mutual Dividend and Crediting Rates Drop, Expenses Rise). Northwestern Mutual was the first of the so-called “Big 4” mutual carriers to report. These A++ (AM Best)–rated companies are considered [...]

Northwestern Mutual Dividend and Crediting Rates Drop, Expenses Rise

By |2016-10-31T10:06:12+00:00October 31st, 2016|Categories: Current Assumption Universal Life, Life Insurance Investments, Policy Management, Whole Life|

Over the last two years, we have written extensively about the impact of the low interest rate environment on life insurance policy performance, primarily Current Assumption Universal Life policies. Many carriers have pointed to low interest rates as a primary cause for their cost of insurance (COI) increases in these policies. Anyone who has attended one [...]

Recent Court Case Identifies An Obvious Tax Liability: One TOLI Trustees Sometimes Miss

By |2016-09-15T10:23:42+00:00September 15th, 2016|Categories: Event, General Interest, Policy Management, TOLI Administration, Webinar, Whole Life|

A recent US Tax Court Memo identifies the financial risk in unwittingly or intentionally mismanaging a life insurance policy. In 1987, a policy owner purchased a single premium variable life policy (since this was pre Code Section 7702A, it was not considered a modified endowment contract) with a payment of $87,500. The policy contract permitted the [...]

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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.