Introducing Life Insurance Trust Company – A Special Session

Introducing Life Insurance Trust Company – A Special Session

Leon Wessels, Director of Business Development, Life Insurance Trust Company

As pioneers in the irrevocable life insurance trust and policy management space, ITM TwentyFirst has been a leader, first by creating a web based system to help trustees manage life insurance trusts, establish efficiencies, and track policy performance and then when clients asked for additional administration and remediation services, responding with our Managed Solution, the industry’s first total outsourcing of TOLI trust administration and policy management.

To continue to fulfill the needs of our clients, ITM TwentyFirst Holding Company, established Life Insurance Trust Company, a South Dakota specialty trust company. With our trust charter in hand, we wanted to reach out to clients and prospects to explain the reasoning behind opening this trust company, and to show how this trust company will benefit current and future clients.

This session will not carry any continuing education credit, but you will want to carve out an hour of your time to hear from industry leaders on the next phase in the TOLI industry, Life Insurance Trust Company, the first trust company dedicated to the management of life insurance trusts.

If you are a TOLI trustee or if you work in the estate planning market as an attorney, CPA, or an advisor, this session will alert you to the benefits your clients can receive.

Session Handbook: Download

TOLI Issues and Solutions – 2017 Year in Review

TOLI Issues and Solutions – 2017 Year in Review

Michael Brohawn, CFP®, CLU® and Leon Wessels
Marketing – ITM TwentyFirst

2017 was a bumpy year for Trust Owned Life Insurance (TOLI) trustees.  With the higher federal estate tax exemption, married couples are not even affected by the estate tax until their estate hits almost 11 million dollars and the threatened repeal will mean that even those few may no longer feel a need for an ILIT.  How does a TOLI trustee best handle Grantors who may no longer even feel a need for an ILIT?  Trustees managing life insurance policies have struggled in a low interest rate environment with poorly performing policies that have not lived up to expectations. Could you be liable for them? Cost of insurance increases from more than ten carriers have raised premiums by 150%.  Which policies are affected and how do you handle them?  COI increase lawsuits are winding their way through the courts.  What is the possible outcome and could they help you?  It may be a good time to take another look at your TOLI business as we wind down 2017 and enter the new year.  In this session, we will do just that, providing updates on where the industry is now, where things are going and the opportunities and pitfalls that await the TOLI trustee in 2018 and beyond.

Session Handbook: Download

Life Insurance 101 (for TOLI Trustees)

Life Insurance 101 (for TOLI Trustees)

Michael Brohawn, CFP®, CLU®
Marketing – ITM TwentyFirst

Today’s Trust Owned Life Insurance (TOLI) Trustee faces a harder task than ever. Low interest rates, cost of insurance increases, and market volatility have wreaked havoc on permanent life insurance policies. This course will explain life insurance in a practical way for those who are not life insurance experts, but should understand life insurance and its current problems. We will focus on policy characteristics and pressing issues that one must be capable of managing. While this session is geared toward those that are not life insurance experts, it still offers additional knowledge for those that are well versed in life insurance. A handbook that can serve as a reference going forward will be provided to all attendees.

Session Handbook: Download

Minneapolis Parks and Recreation – Garden Rehabilitation

Minneapolis Parks & Recreation – Garden Rehabilitation | minneapolisparks.orgopenarmsmn.org

Team members assisted members of Minneapolis Parks and Recreation with the clean-up and rehabilitation process of the Minnehaha Park Song of Hiawatha Garden in Minnehaha Park. After just three hours, the entire garden had been stripped of unwanted debris and large weeds, and was ready for planting!

Unique and Hard to Value Asset Management

Unique and Hard to Value Asset Management

University of Notre Dame
July 9 – 15, 2017

DURING OUR SUMMER BREAK: As we did last year, we will be teaching at the Cannon Financial Institute’s week long course on Unique and Hard to Value Asset Management held on the Notre Dame campus in South Bend, Indiana.  We will be teaching a session on life insurance.