What to Do With An Unwanted Life Insurance Policy
Michael Brohawn, CFP, CLU Chief Marketing Officer and Aaron Hanson, CLU, ITM TwentyFirst
With the estate tax law changes of the last few years, the need for a life insurance policy held in trust has diminished for some – or at least that is what many TOLI trustee clients believe. TOLI trustees must always manage the asset to maximize the benefit to the beneficiary or subject themselves to fiduciary liability. How to do that will be the focus of this session, as we will explore prudent alternatives and develop a process around analyzing options on an asset that could be worth millions. We will provide actual real-life case examples in a session workbook that attendees can use for future reference. Life insurance policy advisors and trustees attending this session will be provided with vital information designed to increase client service and minimize their liability.