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4 Steps for Trustees with ILIT's
- 1. Policy Issues 5 OUT OF 10 ILIT GRANTORS AREFUNDINGAPOLICYTHATIS INADEQUATELYFUNDED FOR LIFE OF THE INSURED
- 2. 2 OUT OF 10 ILIT GRANTORS AREFUNDINGAPOLICYTHATIS NOLONGERCOMPETITIVE Policy Issues
- 3. 10 OUT OF 10 TRUSTEES WITHATOP10BANKHAVE REVIEWEDTHEIRPOLICIES IN THE LAST 12 MONTHS Trustee Issues
- 4. 7 OUT OF 10 TRUSTEES HAVENOTREVIEWED REVIEWEDTHEIRPOLICIES INTHE LAST 5 YEARS Trustee Issues
- 5. 20% No Longer Suitable No Longer Competitive Inadequately Funded The Visible Issues Trustee Issues
- 6. 20% 80% The Visible IssuesNo Longer Suitable No Longer Competitive Inadequately Funded Trustee Issues
- 7. 20% 80% The Visible Issues Inadequate Review Process 1 No Longer Suitable No Longer Competitive Inadequately Funded Trustee Issues
- 8. 20% 80% The Visible Issues Inadequate Review Process Inadequate or No Remediation Process 1 2 No Longer Suitable No Longer Competitive Inadequately Funded Trustee Issues
- 9. 20% 80% The Visible Issues Inadequate Review Process Inadequate or No Remediation Process Ongoing Policy Management Process 1 2 3 No Longer Suitable No Longer Competitive Inadequately Funded Trustee Issues
- 10. 20% 80% The Visible Issues Inadequate Review Process Inadequate or No Remediation Process Ongoing Policy Management Process Costs of Performing Fiduciary Duties 1 2 3 4 No Longer Suitable No Longer Competitive Inadequately Funded Trustee Issues
- 11. 20% 80% The Visible Issues Inadequate Review Process Inadequate or No Remediation Process Ongoing Policy Management Process Costs of Performing Fiduciary Duties 1 2 3 4 The Real Issues No Longer Suitable No Longer Competitive Inadequately Funded Trustee Issues
- 12. 3) Policy Management 1) Policy Review 2) Policy Remediation 4) Cost Shifting FPN 4 Steps for Trustees
- 13. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst
- 14. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst Low Costs $50 Set-up Fee per Policy
- 15. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst Low Costs $50 Set-up Fee per Policy Independent Third-Party LifeTrack™ review
- 16. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst Low Costs $50 Set-up Fee per Policy Independent Third-Party LifeTrack™ review Independent “Real-Time” Market Evaluation
- 17. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst Low Costs $50 Set-up Fee per Policy Independent Third-Party LifeTrack™ review Independent “Real-Time” Market Evaluation Dependable Remediation Process with FPN™
- 18. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst Low Costs $50 Set-up Fee per Policy Independent Third-Party LifeTrack™ review Independent “Real-Time” Market Evaluation Dependable Remediation Process with FPN™ Replacement Analysis prior to modifications
- 19. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst Low Costs $50 Set-up Fee per Policy Independent Third-Party LifeTrack™ review Independent “Real-Time” Market Evaluation Dependable Remediation Process with FPN™ Replacement Analysis prior to modifications Follow-up LifeTrack™ review after modifications
- 20. Trustee Benefits Process managed by RIC, the Industry Leading Policy Analyst Low Costs $50 Set-up Fee per Policy Independent Third-Party LifeTrack™ review Independent “Real-Time” Market Evaluation Dependable Remediation Process with FPN™ Replacement Analysis prior to modifications Follow-up LifeTrack™ review after modifications Continuous Policy Management and control with SolutionTrack™
- 21. Resource Insurance Consultants RIC is the Industry Leading Policy Analyst Firm. They have completed LifeTrack™ reviews with more than 150 Banks and Trust Companies including 6 of the Top 10 Banks in the United States.
- 22. Fiduciary Provider Network™ FPN provides the procedures and licensed professionals to assist trustees in performing their fiduciary duty starting with the same Independent LifeTrack™ review process that has been completed on over 100,000 life insurance policies in the last decade.
- 23. Thank You