TrustBuilder has been the industry standard since 1992 for cost-efficient outsourced administration support of Trust-Owned Life Insurance (TOLI).   

We provide a full range of support services including portfolio administration, policy performance reporting, actuarial evaluation of non-guaranteed TOLI policies and licensing of a customized ILIT management software platform for each client's confidential internal management of ILIT accounts and TOLI policies. 

Since 1992, we have prepared over 55,000 TOLI performance reports for corporate and personal trustees, private offices, accounting firms, law firms and other estate planning professionals who lack experienced staff and systems to internally administer TOLI and monitor TOLI performance consistent with legislative, regulatory compliance and internal risk management guidelines.

TOLI Standard of Care Management

Only a fiduciary with investment discretion can make TOLI risk management and suitability determinations to satisfy their legislative, legal and regulatory compliance obligations.  These determinations must:

• be based upon prudent fiduciary TOLI risk management procedures,

• reflect the fiduciary's annual review of trust documents and objectives, investment policy statements, current TOLI investment performance information and in-force illustrations, and 

• consider the economic environment and the grantor's health and financial resources.

Fiduciary law, regulatory guidance and legislation define the duties and liabilities of fiduciaries and restrict the sharing of confidential and personally identifiable information.  Third-party vendors, life insurance agents/consultants and software providers take limited scope direction from the fiduciary and lack the above requisite information to make these determinations.  More important, they have no duty or responsibility to make these determinations.

Outsourced vendor performance monitoring should be restricted to credible "factual information" reporting of policy values, inforce and comparative illustrations, carrier ratings, and actuarially certified benchmark modeling.  Third party determinations that policies are competitive or uncompetitive, high or low risk, etc. are subjective determinations and not credible without access to the above requisite information and the appropriate licensing to make such determinations.