Used by trustees to review a proposed new policy prior to acceptance and to review an existing policy prior to successor trustee acceptance. Includes an overview, policy projection and one benchmark comparative illustration to a similar policy available from a major (top 100) carrier.
Annual policy value reporting, inforce illustration, alternate illustration if the in-force illustration does not sustain the policy to contract maturity, carrier ratings from 5 ratings agencies, and assumed mortality projected policy values.
Annual policy value reporting, inforce illustration, alternate illustration if the in-force illustration does not sustain the policy to contract maturity, carrier ratings from 5 ratings agencies, assumed mortality projected policy values, and a benchmark comparative illustration to a universal life policy from an alternative carrier. Benchmark illustrations are prepared in accordance with each trustee’s approved illustration criteria and applied to all performance review reports prepared for the trustee.
Annual Policy value reporting, IRR reporting if transaction history is available, sub account report for variable products. Review format can be tailored to each client’s annuity reporting criteria.
Supplemental condensed reports that can accompany our delivery of any Annual Performance Review. These reports are intended for annual performance communication to grantors, beneficiaries and professional advisors. Trustees can select from several base formats or we will design a custom format.
Maintain policy on the TOLI Center system for inclusion in Portfolio and Carrier Rating Reports and secure client website. This service is generally limited to policies with face amounts under $50,000 where professional trustees internally monitor performance.
Periodic quarterly, semi-annual, or annual summary of “secure” and “vulnerable” life insurance carriers and statistical TOLI liability analysis based on each client’s TOLI portfolio data.
Supplemental carrier financial information and key operating ratios.
Monthly portfolio reports are delivered to all clients and include a listing of “performing” and “underperforming” TOLI policies, grantor gift and premium due date listings, a listing of upcoming scheduled performance reviews, a listing of performance reviews completed in the current month, and a status report of all performance reviews in the production process. Custom risk management and remediation reports can be designed for each client.
The IMD is our custom software application licensed to clients to manage ILIT accounts and TOLI policies. Each IMD is customized as either (1) an intranet application that resides on the client’s private network or (2) a data center encrypted application accessed by client staff with site administration provided by The TOLI Center.
This report includes detailed policy management alternatives for underperforming policies or policies that are no longer appropriate to meet trust objectives.
Life Settlement is the sale of an in-force life insurance policy to a third-party for its fair market value yielding a cash payment to the seller in excess of the policy’s cash surrender value but less than its death benefit. The purchaser acquires policy ownership, becomes the beneficiary, and is responsible for future premium payments.
Before considering Life Settlement, The TOLI Center clients can obtain a Market Value Projection of the sale of a TOLI policy based on general life settlement eligibility criteria. There is no fee for this service, no need for insured medical records and no obligation to sell a policy