Insurance Trust Monitor
Insurance Trust Monitor is your complete turnkey solution to help you manage the complexities of Irrevocable Life Insurance Trusts. Considered the industry’s premier ILIT administration and risk mitigation service, ITM offers a full array of solutions to corporate and individual trustees --- from a single policy review to a complete back office partnership that eases the burden of ILIT administration and fiduciary risk.
Recent publication worth noting: The OCC Comptroller Handbook - Asset Management - Unique and hard to Value Assets - August 2012 states:
"Bank fiduciaries are responsible for protecting and managing the life insurance policy for the benefit of the beneficiaries or the life of the grantor. A bank fiduciary must understand each life insurance policy that the trust accepts or purchases, or the bank fiduciary must employ an advisor who is qualified, independent, objective, and not affiliated with an insurance company to prudently manage these assets."