What We Do
The TOLI Center – Overview
TOLI risk management should be differentiated from custodial care administration. TOLI is generally described as a low risk investment but it requires attentive annual monitoring to identify changes in trust objectives and adverse policy performance, especially if the trustee accepted an indeterminate flexible premium non-guaranteed death benefit policy.
A trustee must demonstrate defensible product suitability decisions based on credible policy performance reporting. Fiduciary conduct is measured against a process standard, not a performance standard. As a result, a TOLI fiduciary must demonstrate a prudent risk identification and mitigation process to avoid breach of trust allegations.
We understand the policy reporting, portfolio management, systems integration, regulatory compliance, and privacy needs of corporate and professional trustees. Establishment of a cost-efficient “best practice” TOLI risk management process requires a service platform that can accommodate changing risk management standards and increased informational reporting and communication to trust parties.
The TOLI Center East was formed in 2011 with the intent of accomplishing 2 objectives.
1. Provide continuing education credits to CPA’s and Attorney’s, along with published articles in professional journals. Advocating the importance of evaluating the performance of a client’s individually owned or Trust Owned Life Insurance.
2. Provide the individual owner or the amateur trustee, with information for them to make an informed decision as to whether their existing premium dollars are being used in the most efficient manner to maximize their existing life Insurance portfolio.
Within a 5 year period in Dec 2016, a book containing much of our research and advice was published by the American Bar Association in a Flagship book titled “The Advisors’ and Trustees’ Guide to Managing Risk”.