Fiduciary Review for Trust-Owned Life Insurance

Trust-Owned Life Insurance, Reviewed Against Purpose

A structured fiduciary review for TOLI and ILIT policies — shaped by the trust's purpose, authority, and coverage need. Minutes, not hours.

For Estate AttorneysIndependent TrusteesCPAs
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From Context to Documentation

A repeatable review process for trust-owned life insurance (TOLI), irrevocable life insurance trusts (ILITs), and any trust-held policy.

Three steps. No integrations. No spreadsheets.

Context

Answer seven plain-language questions about the trust's purpose, authority, and obligation period.

Upload

Upload any carrier in-force illustration. Purpose-built AI extracts policy data and analyzes it against the trust's context.

Document

Review findings in the dashboard, download the PDF, and file it in the trust record.

Built for the professionals managing trust-owned life insurance — and the firms that work with them.

What a TOLI Fiduciary Review Covers

Every review turns a carrier illustration into a structured fiduciary review and documentation package.

Trust Context

Intake

  • Seven plain-language questions
  • Captures purpose, authority, duration
  • Shapes every finding in the report

Coverage Duration

Analysis

  • Guaranteed coverage vs. trust's needs
  • Visual timeline, gap in years
  • SSA 2022 life expectancy benchmark

Trustee Language

By Design

  • No recommendations, no sales pitches
  • Written in trust committee voice
  • Designed to support professional review and file documentation

Authority-Aware

Routing

  • Findings routed by governance model
  • Trustees, directed parties, consultants
  • Each sees their own action items

Prioritized Findings

& 10-Year Outlook

  • High, Monitor, Info priorities
  • 10-year cash value projection
  • Ready for committee review

Two Paths

No Pressure

  • If maintained: what to track
  • If explored: what to ask
  • Trustee decides, report documents

Two Deliverables. Every Review.

Every review produces both an interactive dashboard and a professional PDF report.

Interactive Dashboard

Review findings section by section in a web-based workspace. Explore details, prepare for client or committee meetings, and walk in ready to discuss the trust's position.

Professional PDF Report

Complete written review designed for the trust file, committee packets, and internal documentation. Download, share, and file — written in the voice your professional clients expect.

Built for ILIT and TOLI Professionals

Designed for the professionals who serve trust-owned life insurance outside the institutional channel.

Estate Planning Attorneys

Documentation for ILIT administration, irrevocable life insurance trust accountings, and beneficiary reporting. A review written in trustee-oriented language, with disclosed scope and limitations.

Independent Trustees

Solo and small-practice trustees handling ILIT administration for discretionary and directed trusts. Supports different authority models and governance frameworks — one policy at a time, with the care each trust deserves.

CPAs & Tax Professionals

TOLI review documentation for trust-holding clients, written in trustee language. Designed to support annual review, discussion, and coordination with the client's legal and advisory team.

For Firms Serving ILIT Trustees, CPAs, and Estate Attorneys

BGAs, carriers, RIAs, advisory firms, and broker-dealers can offer TOLIReview to the professionals they work with — turning fiduciary documentation into a relationship builder.

How BGAs, carriers, and advisory firms offer TOLIReview ILIT fiduciary reviews to CPA, attorney, and trustee partnersYour firm offers TOLIReview to professional partners. This builds your position as the trusted insurance advisor and creates referral relationship value.Your FirmBGA · Carrier · RIA · Advisor · B/DTOLIReviewFiduciary ReviewPROFESSIONAL PARTNERSCPAsEstate Planning AttorneysTrusteesOffersTrusted Insurance Advisor

What You Offer

A structured fiduciary review your CPA, attorney, and trustee partners can use to support documentation, annual review conversations, and client relationships. Delivered as your firm's service.

What They Receive

Structured findings, duration analysis, and methodology-backed documentation written in trustee language. Designed to support review, discussion, and file documentation.

What You Build

Trusted advisor status with the CPAs and attorneys you work with. First in line when policy changes come up — earned, not pitched.

TOLI Review: Before and After

Replace ad-hoc review processes with consistent, defensible documentation.

AspectWithout TOLIReviewWith TOLIReview
Review TimeHours of manual spreadsheet workMinutes, not hours
VoiceGeneric analysis with recommendationsTrustee-oriented documentation with considerations
ConsistencyVaries by analyst and methodSame structured review every time
DocumentationAd hoc memos and file notesSources, scope, and benchmarks disclosed
Duration CheckManual guesswork on coverage lengthAutomatic gap calculation with severity
Professional AcceptanceHard for CPAs and attorneys to fileClearer for professionals to review, discuss, and document

Fiduciary Standards Reference

Every review is structured to support fiduciary review documentation under applicable trust, banking, and administrative standards.

UPIAThe report is designed to help document prudent review of trust-held insurance assets in a manner consistent with UPIA-style fiduciary process, subject to applicable state law and the terms of the trust.
OCC 12 CFR 9.6Where applicable, the review format supports documentation practices comparable to the account and asset review process used by national bank trust departments under OCC 12 CFR 9.6.
Directed TrustWhen insurance authority is assigned to a trust adviser, protector, or other directing party, the report frames findings and action items around that party's role, subject to the governing instrument and applicable state law.
Methodology StatementEach report identifies the document reviewed, the scope of analysis, key limitations, and the principal assumptions used, helping create a clearer fiduciary record.
Remediation GuardrailsWhen a report identifies possible policy changes, it highlights key items for further review, including authority, tax, underwriting, and carrier-specific considerations before any action is taken.

Frequently Asked Questions About TOLI & ILIT Reviews

Common questions about trust-owned life insurance reviews and how TOLIReview works.

What is a TOLI review?

A TOLI review is a structured review and documentation package for a trust-owned life insurance policy illustration. It assesses whether coverage duration, premium funding, and policy structure align with the trust's stated purpose and fiduciary obligations — and documents the findings for the trust file.

What is the difference between TOLI and ILIT?

TOLI (trust-owned life insurance) refers to any life insurance policy owned by a trust. An ILIT (irrevocable life insurance trust) is a specific type of irrevocable trust designed to hold life insurance outside of the grantor's taxable estate. TOLIReview supports reviews for policy illustrations held in either structure.

Who is TOLIReview designed for?

Independent trustees, estate planning attorneys, and CPAs who manage or advise on trust-owned life insurance. BGAs, carriers, RIAs, and advisory firms can also offer TOLIReview to the professionals they work with.

How long does a TOLIReview take?

Minutes, not hours. Upload a carrier in-force illustration, answer seven plain-language questions about the trust's purpose and authority, and receive your review immediately.

Does TOLIReview make recommendations?

No. TOLIReview documents findings and considerations in trustee-oriented language — using phrases like "the trust adviser should consider" rather than directives. It does not recommend policy changes, replacements, or any specific course of action. The decision belongs to the trustee and the advisory team.

What types of policy illustrations does TOLIReview support?

TOLIReview analyzes carrier in-force illustrations for any life insurance policy held in a trust — including universal life (UL), indexed universal life (IUL), variable universal life (VUL), guaranteed universal life (GUL), and whole life (WL). The analysis is based solely on the illustration provided.

How does TOLIReview relate to UPIA and OCC fiduciary standards?

TOLIReview is structured to support fiduciary review documentation under the Uniform Prudent Investor Act (UPIA) and, where applicable to national bank trust departments, OCC regulation 12 CFR 9.6. Each report includes a methodology statement, disclosed scope and limitations, and structured findings appropriate for trust records. The review does not constitute legal advice or a determination of fiduciary compliance.

What does the review include?

Every review produces two deliverables: an interactive web-based dashboard and a professional PDF report. The report includes a fiduciary status assessment with duration adequacy analysis benchmarked against SSA life expectancy tables, prioritized findings (High, Monitor, Info), fiduciary action items, carrier questions for the trust file, a 10-year value outlook, suggested next steps, and a committee action sign-off page for trust records.

See It in Action

30-minute demo with real illustrations, actual reports, and your questions answered.

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Questions? rpc@financialplanner-ai.com