TrustBuilder

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. Our ILIT Management Database (IMD) includes gift and Crummey notice processing, TOLI premium payment tracking and customizable communication templates to ILIT parties and insurance carriers.

Since 1992, we have prepared over 47,000 factual information TOLI performance reports for corporate and personal trustees, private offices, accounting firms, law firms and other estate planning professionals who lack the necessary experienced staff and systems to internally administer TOLI and monitor TOLI performance consistent with legislative, regulatory compliance and internal risk management guidelines.

Client ILIT Management Database (IMD)

TrustBuilder clients have access to an ILIT Management Database (IMD) to manage ILITs internally in a confidential environment while outsourcing only necessary TOLI policy data to TrustBuilder for preparation of TOLI performance review reports.

Trust Account Reports

Select from our base Trust Account Report formats or ask
TrustBuilder to custom design a report for your annual communication
to grantors, beneficiaries and their professional advisors.

Actuarial Evaluation - Non-Guaranteed Products

Select from several policy report templates that incorporate
an actuarially certified policy standards database evaluation of
premium adequacy and in-force illustration pricing assumptions.

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 the fiduciary's TOLI risk management procedures; must reflect the fiduciary's annual review of trust documents and objectives, investment policy statements, current TOLI investment performance information and in-force illustrations; and must consider the economic environment and 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, hence, lack the above requisite information to make these determinations. More important, they have no duty or responsibility to make these determinations.

Our outsourced TOLI services are designed to provide policy performance data, carrier ratings data, and portfolio management data in a consistent "factual information" format to fiduciaries in support of their TOLI risk management guidelines and regulatory compliance obligations. Our services are strictly fee-based and by contract with each client TrustBuilder cannot serve as a policy provider nor receive insurance policy commissions in consideration of its administration services.

Please visit the TrustBuilder Library for topical information, TOLI presentations, professional advisor articles, regulatory opinions and legislative decisions and State Insurance Department Opinions related to insurance consulting services.