Policy Appraisal / Trust-Owned Life Insurance

Life insurance, including trust-owned life insurance (TOLI), is the foundation of sophisticated estate planning and wealth management. As a trustee, you know it’s imperative to actively monitor and manage the effectiveness of clients’ policies. BPA offers members access to a state-of-the-art policy appraisal system which reviews and evaluates the true value of a policy. This unique service assists your producers in building enhanced relationships with trustees and other fiduciaries.

What type of policies can be appraised?

• Term, Universal, Variable and Whole Life policies • Group Life in certain situations

Why appraise an existing policy?

• Policy is no longer in alignment with client’s goals
• Policy has not performed well • Key executive retirement
• More suitable products may be available
• Buy-sell arrangements are dissolved
• The fiduciary responsibilities of the trustee • Estate no longer needs insurance for liquidity

Policy Valuation Analysis & Options

• Retain policy if performing at optimal levels • Exchange for an increase in death benefit or for a lower-cost policy • Exchange for an annuity and trade the death benefit for an income stream
• Secondary market sale to subsidize premiums on a replacement policy or fund new investment vehicles

Take advantage of our policy appraisal system to maximize the probability of a favorable outcome to the trust estate, and discover new income streams to your practice.