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Institutional Fiduciaries

A simple, low-cost, end-to-end solution for protecting yourself and better serving clients.

As a trustee, you have likely struggled with your duty to investigate the suitability of life insurance products for your clients. You have seen the increasing number of breach of fiduciary duty lawsuits and challenges citing the Uniform Prudent Investor Act (UPIA). Unfortunately, you have also had to contend with an absence of clear guidance and tools that would protect you from risk, document your compliance with Prudent Investor requirements, and objectively demonstrate the quality of the services that you provide your clients. Fortunately a comprehensive solution is now at hand that not only addresses your Prudent Investor responsibilities, but also helps you better serve your clients.

Veralytic’s independent research reports provide an objective, facts-based solution that is compliant with both industry regulations and established case law.

Financial and insurance industry authorities consider comparing illustrations of hypothetical policy values to be “misleading” and “improper”. Many consultants claim to document life insurance suitability, but their services are based upon these hypothetical illustrations, individual expertise, and subjective opinion. Veralytic instead provides empirical research through its patented algorithms and the industry’s largest database of thousands of life insurance products from hundreds of life insurance companies. For a small, cost-effective fee Veralytic reports document your efforts to comply with the Uniform Prudent Investor Act (UPIA) Sections 7 and 2(c)(5), and help protect you against lawsuits and challenges.

An integrated turn-key solution.

Independently, Informa, Veralytic and Insurance Trust Monitor each offer state-of-the-art risk management solutions to support ILIT trustees in their duties to monitor, investigate and manage TOLI holdings in an environment of increasing risk and complexity. Together, they offer an integrated solution that provides the most comprehensive and cost-effective toolkit for managing risk, performing due diligence, safeguarding the policies under your management and documenting such efforts to comply with the Uniform Prudent Investor Act.

  • Informa’s InsuranceIQ administration platform provides an instant-access dashboard interface and reporting system of policies under management, and an alert system that monitors changes in policy risk
  • Veralytic provides patented external, objective research about the pricing, performance and suitability of TOLI holdings relative to the universe of peer-group products.

Insurance Trust Monitor provides outsourced, turnkey policy administration, remediation and management services for underperforming policies.

 

Veralytic, InsuranceIQ, and Insurance Trust Monitor Integrated Platform

Combined, this integrated platform provides seemless, cost-effective, end-to-end support for monitoring, investigating, and managing the pricing, performance and suitability of TOLI holdings under your management. 

For more information on how you can take advantage of this integrated platform, please visit our Contact page.