Skip navigation

Life Insurance Trusts – An Insider’s Guide to Minimizing Liability and Maximizing Client Value

Tuesday, October 06, 2020 | 2:00 PM ET

Irrevocable Life Insurance Trusts (ILITs) have long been a cornerstone of many estate plans—and remain a great tool for creating liquidity upon the death of a Grantor. The management of life insurance has become increasingly more difficult as low interest rates have stressed many life insurance policies to the max, resulting in a significantly higher number of underperforming and lapsing Trust Owned Life Insurance (TOLI) policies.
 
The liability associated with serving as ILIT trustee or advising clients with life insurance trusts has never been greater. The fiduciary role of a trustee is one that holds the highest duty according to law and, in the current environment, those administering ILITs are going to face challenging, even difficult, decisions that may be questioned years down the road.

Attend this webinar as we discuss topics that include ways to minimize fiduciary and professional liability, while ensuring your clients’ ILITs will succeed, including: 

  • Trustee roles, responsibilities and personal liability
  • The challenges facing trustees and how to manage ILIT risk
  • How low interest rates negatively affect life insurance and why it will get worse          
  • Practical solutions for dealing with TOLI policy issues          
  • Why an individual (non-corporate) ILIT trustee is not ideal for long-term success 

This webinar is sponsored by Life Insurance Trust Company (LITCO), the industry’s only trust company focused exclusively on life insurance trusts. LITCO provides ILIT fiduciary services to Grantors and Beneficiaries that goes beyond typical corporate trustee services. LITCO is a member of the ITM TwentyFirst family of companies, which have has been providing services to owners of in-force life insurance policies, including fiduciaries (banks, trust companies, attorneys, family offices) and institutional policy owners (private equity firms, banks, universities and foundations) for over 20 years.

CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.

Sponsored by

Leon Wessels
Corporate Business Development Manager
Life Insurance Trust Company

 

John Barkhurst
Sr. New Business Development Manager
ITM TwentyFirst

 

Judith Pearson
President + CEO
Nomadx Solutions

 

Michael Brohawn, CFP®, CLU®, CAP®
Principal
Your Life Insurance Solution

 

Susan Lipp - Moderator
Editor in Chief
Trusts & Estates