LIFETRACK™ is a comprehensive policy review that meets regulatory compliance and fiduciary oversight requirements. The report is designed to address and simplify all risk issues associated with Trust Owned Life Insurance and generates valuable management information. RIC reports these management items on DATATRACK™, a web-based reporting and management tool. Additionally, RIC will assign each policy with a recommended review frequency schedule based upon identified risk factors.
LIFETRACK™ POLICY REVIEWS FOR TRUSTEES
Identifies performance issues that would put greater liability on the Trustee prior to accepting a policy in trust. Delivered within 48 hours of receiving policy information.
Essential to protect the fiduciary on any policy where a replacement is proposed by the financial adviser and/or agent. Quickly compare the in-force policy and proposed replacement.
An asset allocation program is critical for trustees to meet prudent investment standards. INVESTRACK™ reports consistently determine whether a policy’s asset allocation is appropriate given a policy’s unique performance characteristics.
ANNUITRACK™ is an in-depth review on the contractual provisions and performance of an annuity. Each review evaluates three key areas: assessing the strength of the underlying carrier, determining the contract competitiveness and contract risk assessment.
Our ILIT Administration software centralizes, streamlines and documents all ILIT management activities. Trustees gain efficiencies, reduce administrative risk and improve overall productivity.
We do not market or sell insurance at RIC. Our entire focus is to provide risk management and administrative solutions for trustees and fiduciaries holding Trust Owned Life Insurance.
Learn how you can mitigate your liability, meet your fiduciary duty and provide a value-added service to your clients. Contact us today to request information or schedule a WebEx demo.