TOLI Administration – ITM TwentyFirst

TOLI Trustees Should Heed NY State Regulator Warnings on Universal Life Policies

TOLI Trustees Should Heed NY State Regulator Warnings on Universal Life Policies

The acting Superintendent of the New York State Department of Financial Services, reacting to almost "1,400" complaints from in-state consumers, recently issued an alert about universal life policies that provided insight for any trustee managing universal life policies. The alert focused on flexible premium universal life policies without secondary death benefit guarantees. As pointed out in the publication, universal life is meant to be a [...]

ITM TwentyFirst2019-04-16T11:17:09-05:00April 16th, 2019|Current Assumption Universal Life, No-Lapse Guarantee Universal Life, TOLI Administration|2 Comments

Life Settlement Market Is Healthy and TOLI Trustees Should Take Notice

Life Settlement Market Is Healthy and TOLI Trustees Should Take Notice

Over the years, the life settlement industry has had its ups and downs. During its heyday in 2007 and 2008, consumers sold $12 billion in life insurance death benefits to investors in the secondary market. But the economic downturn dried up investor money, and as late as 2015, just $1.7 billion in death benefits changed hands. (1) For many years, life insurance provided just two [...]

ITM TwentyFirst2019-04-09T09:40:43-05:00April 9th, 2019|General Interest, Life Settlements, The TOLI Handbook, TOLI Administration|0 Comments

Take the TOLI Challenge: Only Permanent Life Insurance Policies Can Be Sold, True or False?

Take the TOLI Challenge: Only Permanent Life Insurance Policies Can Be Sold, True or False?

Earlier this year 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 is false – some term [...]

ITM TwentyFirst2019-04-03T10:08:31-05:00April 2nd, 2019|Life Insurance Investments, Life Settlements, Policy Management, TOLI Administration, What to Do With An Unwanted Life Insurance Policy?|0 Comments

Trustee Alert: Managing Guaranteed Universal Life Policies

Trustee Alert: Managing Guaranteed Universal Life Policies

Universal life policies came into the market offering premium flexibility and transparency that was unknown in whole life policies. However, universal life policies lacked one thing those whole life policies had - death benefit guarantees. If you paid your premium on a whole life policy, the policy death benefit was guaranteed to be paid. The earliest universal life policies (current assumption) were fixed investment products [...]

ITM TwentyFirst2019-03-20T15:32:13-05:00March 19th, 2019|No-Lapse Guarantee Universal Life, Policy Management, TOLI Administration|2 Comments

Prudently Managing ILITs – It Is More Than Just Tracking a Policy

Prudently Managing ILITs – It Is More Than Just Tracking a Policy

When we first ventured into the trust-owned life insurance (TOLI) servicing business, our lead product was a policy tracking and trust administration system - what is known today as InsuranceIQ, and it was light years ahead of anything TOLI trustees had at their disposal. At the time, most trustees simply got an in-force ledger every couple of years, along with a rating update for the [...]

ITM TwentyFirst2019-03-20T15:31:23-05:00March 12th, 2019|Life Insurance Investments, Policy Management, TOLI Administration|0 Comments