TAC recognizes that TOLI represents a significant asset value and cash flow planning commitment, not a wasting asset that has become the target for commission-motivated replacement schemes. TAC understands that TOLI programs should be actively managed using a traditional corporate finance discipline.

Correspondingly, our discerning clients that all life insurance products, services, and service providers are NOT the same. ‘Trust-Owned’ life insurance should be designed, placed, managed, and restructured by a TOLI specialist.

TAC’s fee-based consulting service provides clients with:

• Access to and guidance in the selection of life insurance products designed specifically for insurance trust ownership and management.
• Life Settlement evaluation and trade-off analysis, broker selection, and transaction oversight.
  

Life Settlements play an essential TOLI management role. Dean Edward Miller, Esquire, who has held various positions at the Office of the Comptroller of the Currency, explains the value of life settlements in his article, Life Settlements and Trust Accounts: A Possible Modification of the Trustee’s Responsibility? “The emergence of the life settlement has altered the landscape of the insurance trust business. It has presented an alternative course of action for trustees of trusts holding life insurance policies on the life of the settlor. This alternative significantly changes the options available to a trustee in a number of possible fact situations. In some cases, sale of a policy pursuant to a life settlement will redound to the benefit of the trust and its beneficiaries dramatically, providing them a benefit that may be substantially in excess of what the more limited options previously available permitted, or by opening to them an alternative that is more in keeping with their present interests.”