Our Services

A ‘best practices” TOLI risk management program must be legally defensible, administratively feasible, and cost-efficient.  The hurdle faced by most TOLI fiduciaries is obtaining credible factual information reports at a prudent cost.

Credible in-force TOLI policy management information

Credible in-force TOLI policy management requires access to policy values, carrier illustrations, and actuarially defensible reporting of non-guaranteed death benefit policies.  Illustration credibility was clarified in 1992 by the Society of Actuaries and Society of Financial Service Professionals. 

For non-guaranteed death benefit policies, carrier sales and in-force illustrations depict how a policy works but are not appropriate to project future performance or to compare the cost or performance of different policies.  Such illustrations disclaim predictive value, do not evaluate premium adequacy, and do not assess the reasonableness of carrier-controlled assumptions.  As a result, premium adequacy and policy performance reporting should be based on a benchmark model that uses actuarial standards, impartial analysis, and objective data.  Further, variable policy reporting should be based on volatility simulation of the selected asset allocation strategy.

The TOLI Center provides credible, independent and objective monitoring of trust-owned life insurance (TOLI) policies.

Our TOLI Service options

Our TOLI Administration System

Client Contracting

Each client relationship is based on a contracting process that confirms due diligence disclosure information, risk management guidelines, and report communication.  For institutional trustees, following is a summary of our contracting process:

Administration Services Agreement:  Executed by The TOLI Center and each client outlining the selected scope of services, carrier selection criteria for performance monitoring, confidentiality and data security provisions, insurance coverage, etc.  By contract with each client, neither The TOLI Center nor its principals can serve as a policy provider and cannot directly or indirectly receive policy based compensation in consideration of its TOLI support services.

Implementation Guide:  Executed by The TOLI Center and each client confirming contact personnel, trustee administration locations and the hierarchy of policy and portfolio reporting, new policy data submission options and required data fields, etc.  Clients can select customized services using the TrustBuilder service model developed over 20 years for institutional trustees or The TOLI Center service model developed for institutional and professional advisor trustees.  The Guide confirms fees and each step of the annual performance review process.

TOLI Portfolio data submission and verification:  Consultation between The TOLI Center and each client to review electronic and manual data submission options to install multiple TOLI policies on The TOLI Center’s administration system.  If a new client can only provide limited policy data at implementation, The TOLI Center will contact carriers directly to obtain the needed data to complete the portfolio installation.

Secure Client Access to TOLI Data:  Trust View, our secure client site can be authorized for TOLI administrators, managers, internal auditors and officers based on each client's unique TOLI management environment and authorization criteria.

ILIT Management Database (IMD): Clients can license a customized ILIT Management software platform to confidentially manage thier ILIT duties and routinely receive TOLI policy data uploads from The TOLI Center.