How to Conduct a Trust Owned Life Insurance Policy Review

How to Conduct a Trust Owned Life Insurance Policy Review

Aaron Hanson, CLU and Michael Brohawn, CFP, CLU, ITM TwentyFirst
Thursday April 20, at 2 PM ET
1 Hour CE credit for CFP, CTFA and FIRMA Certified Member

The OCC and regulatory guidance require initial and annual reviews for life insurance policies held in a trust. Life insurance has become increasingly hard to manage with cost increases and investment returns that can dramatically affect the policy year to year. The use of an annual policy review is not just a fiduciary requirement; it is the backbone of prudent policy management. This session, using the new ITM TwentyFirst Insight Report as a guide, will show the trustee, and those who handle life insurance, what is necessary to track on an annual basis, and what to do when a policy “goes off track.” The session will be accompanied by a session handbook that will become a reference book for managing life insurance in a trust setting.

Learning When, Why and How to Do a Life Settlement

Learning When, Why and How to Do a Life Settlement

Jon B. Mendelsohn, Co-founder and Chief Executive Officer, Ashar Group
(NEW DATE) Tuesday, March 28, 2017 at 2PM ET
1 Hour CE credit for CFP, CTFA and FIRMA Certified Member

Each year over $100 Billion in life insurance death benefit is surrendered or allowed to lapse by seniors age 65 or older.  Can you imagine the potential liability to advisors that omit this discussion with their clients? This significant asset could be used by many older individuals to help fund general retirement living or even long term care expenses.  This session is designed to provide advisors, especially those acting as trustees in the personal trust space, the opportunity to gain a practical understanding of the life settlement process.  Learn why and when you would sell a life insurance policy and how the actual process works.  Our presenter, a nationally known life settlement market executive will give you the insight you need to allow you to maximize the value of a life insurance policy.  Jon will show you how to provide your clients a valuable service and if you are a trustee of a life insurance policy, will show you how you can live up to your fiduciary responsibilities.   This practical session is one you should not miss.

 

The Trump Effect on Estate Planning

The Trump Effect on Estate Planning

Joshua E. Husbands, Partner, Holland & Knight
Thursday February 16, 2017 at 2 PM ET
1 Hour CE credit for CFP, CTFA and FIRMA Certified Member

Changes are occurring quickly in the Trump administration and they will have a major influence on estate and financial planning for many of your clients, especially high net worth individuals. This session, featuring Joshua Husbands, a nationally known estate planning attorney and partner with Holland & Knight, will provide an overview of the changes that could occur, and the strategies that you and your clients should employ to take advantage of them. This session is very timely – the mid-February session will provide vital insight you and your clients can take advantage of this year.  Find out how change brings opportunity.

Session Handbook: Download

A Special, Interactive, Client Only Session – Developing a Reg 9 Review System for Life Insurance

A Special, Interactive, Client Only Session – Developing a Reg 9 Review System for Life Insurance

Michael Brohawn CFP®, CLU®, Marketing Director, ITM TwentyFirst and ITM TwentyFirst Staff
Tuesday January 24, 2017 at 2 PM ET
1 Hour CE credit for CFP, CTFA and FIRMA Certified Member

As required by OCC regulation 12 CFR 9.6(c), banks that handle fiduciary accounts are required to annually conduct a review of those assets “to evaluate whether they are appropriate, individually and collectively, for the account.” These so-called “Reg 9” reviews are a cumbersome process for assets in general and life insurance in particular. Most Trust Owned Life Insurance (TOLI) Trustees struggle with putting a process in place to cost efficiently review life insurance and adhere to the rule and the spirit of the law.  This session will focus on the requirements of the regulation and introduce a new proprietary system currently being developed for ITM TwentyFirst clients. Registration will be limited to clients of ITM TwentyFirst and attendance will be limited as well as this will be an interactive session asking for your input.  This is a session for those looking for a better way to deal with Reg 9 reviews.

Session Handbook: Download