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Trust Insurance Review
This is a reference to those trustees that have a fiduciary duty to review an insurance policy within an Irrevocable Life Insurance Trust or other instrument. The commentary is somewhat redundant to the Life Insurance Review you may have already read, but I want to stress that the implications to the trustee in allowing a policy to continue without formal review is a recipe for a lawsuit. I'd suggest you read TRUST OWNED LIFE INSURANCE to see how significant the implications are.
Additionally, I am the only CFP in California that has the Life and Disability Insurance Analyst license that can incorporate that with other planning elements. That said, and as identifed elsewhere, the CFP is a relatively benign designation and I point you to my resume where, among other degrees, you will see a Master of Science in Financial Planning.
Don't let difficult areas put you into fiduciary non compliance. You need to present convincing evidence that you have retained adequate counsel if you take upon yourself the responsibility to act as a trustee.
Email at efm@efmoody.com
Call at 510 352-4127
510 459-7797 (Cell)