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Upcoming Webinar October 6th: Life Insurance Trusts – An Insider’s Guide to Minimizing Liability and Maximizing Client Value

Put on by the Trusts & Estates CLE Webinar Series - Sponsored by Life Insurance Trust Company Leon Wessels - Life Insurance Trust Company, John Barkhurst - ITM TwentyFirst, Judith Pearson - Nomadx Solutions, Michael Brohawn - Your Life Insurance Solutions, Susan Lipp - Trusts & Estates Irrevocable Life Insurance Trusts (ILITs) have long been a cornerstone of many estate plans—and remain [...]

2020-09-18T14:19:20-05:00September 18th, 2020|Uncategorized|0 Comments
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Take the TOLI Challenge: In a Permanent Life Insurance Policy, the Cost of the Policy is Equal to the Premium – Yes or No?

The answer is an emphatic NO. Some permanent life insurance policies, specifically guaranteed universal life (GUL) and Whole Life (WL), have required premiums, though WL out of pocket premiums can be reduced by dividends, paid-up addition cash values or policy loans. But the premium paid is not the actual cost of the policy and finding the underlying costs on the policies is a challenge. For [...]

2020-09-03T16:28:38-05:00September 3rd, 2020|Current Assumption Universal Life, Equity Index Universal Life, General Interest, The TOLI Handbook, TOLI Administration, Whole Life|1 Comment
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Take the TOLI Challenge: Can You Answer This?

What steps should you take if a grantor says they want to surrender their policy? In the decade-plus that we have been managing life insurance for TOLI trustees, we have noticed that the weak link in their services usually is remediation. The inability to analyze policy options in changing situations is an area of future liability. Some trustees we have spoken with have surrendered policies [...]

2020-08-27T13:03:38-05:00August 27th, 2020|General Interest, The TOLI Handbook, TOLI Administration, What to Do With An Unwanted Life Insurance Policy?|0 Comments
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COVID-19 Update: Life Settlements Excess Mortality Declines

This post updates our previous analysis which estimated a COVID-19 net mortality risk factor for the life settlements population between 6x and 12x.  Since then, we have seen a decrease in life settlements excess mortality resulting in a net risk estimate at the floor of our original range, around 6x.  This is consistent with a delayed protective wealth effect where the delay is explained [...]

2020-08-07T14:05:35-05:00August 7th, 2020|Covid-19, General Interest|0 Comments
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Upcoming Webinar August 19th – Paying Caregivers and Employees from a Trust: Staying Out of Hot Water

Paying Caregivers and Employees from a Trust: Staying Out of Hot Water Presenters: Rachel Green and Cheryl Severson, TEAM Risk Management Strategies LLC If you encounter clients who have caregivers, nannies, housekeepers, or other in-home workers, this presentation will be relevant to you. We will discuss considerations to the trust and the fiduciary of being an employing entity, common missteps and potential liabilities clients [...]

2020-07-28T13:03:59-05:00July 28th, 2020|Event, Webinar|0 Comments
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Professional Designations: Training Your Staff Helps Your Team and Your Firm

Over the years, we at ITM TwentyFirst have been leaders in peer education. The TOLI Handbook, a free download available here as a PDF, provides industry peers with a single source guide for managing trust-owned life insurance (TOLI) trusts and policies. We have, over the years, provided hundreds of hours of professional CE for several professional designations. Our staff is encouraged and incentivized to seek [...]

2020-07-10T13:50:53-05:00July 10th, 2020|General Interest, The TOLI Handbook, TOLI Administration|1 Comment
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Take the TOLI Challenge: Only Permanent Life Insurance Policies Can Be Sold, True or False?

Updated 6/29/2020, originally posted 4/19 Previously, we started the TOLI Challenge with the question: What is most important when determining the liability of a trustee’s actions? Click here for that answer.  Today, we have a follow up true or false question.   Only permanent life insurance policies can be sold in the life settlement market, True or False? It may surprise you that the answer [...]

2020-06-29T14:35:54-05:00June 29th, 2020|Life Insurance Investments, Life Settlements, Policy Management, TOLI Administration, What to Do With An Unwanted Life Insurance Policy?|0 Comments
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Upcoming Webinar June 24th – Comparing the Discretionary, Delegated, and Directed Trustee’s Role and the Trust Protector

Directed Trusts are a growing reality as more states adopt the Uniform Directed Trust Act. Delegated trusts are as old as the UPIA, but are you really prepared to confidentially articulate the difference between the two models?  Most trust organizations are being asked to consider one or both of these options by someone in their market or the bank. This webinar will compare and [...]

2020-06-18T13:56:41-05:00June 18th, 2020|Event, General Interest, The TOLI Handbook, TOLI Administration|0 Comments
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Upcoming Webinar June 10th – A Trustee’s Guide to Life Settlements

Life settlements are confusing, at best.  That confusion can make you uncomfortable.  So much so that you allow a client to surrender or lapse a policy without exploring the option.  That would be a mistake – one that could cost the client money and put you in hot water.  It’s hard to move ahead if you do not know how.  We understand that, just [...]

2020-06-04T15:48:46-05:00June 4th, 2020|Event, General Interest, Life Settlements|0 Comments
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