Life Insurance Trust (ILIT) Services/Policy Review

The Uniform Prudent Investor Act (UPIA)

The Uniform Prudent Investor Act (UPIA) outlines the obligations a trustee has to actively and properly manage investments (including life insurance and annuities) on behalf of policy owners who placed their trust and assets under their care. Trustees and advisors that do not implement measures to actively manage policies under their care can be held liable for poor policy performance.


Are you complying with the UPIA and DOL Fiduciary regulations and properly managing your clients’ life insurance and annuity investments?

For more information on the UPIA and its relation to management of Trust Owned Life Insurance Trusts, read Trust Owned Life Insurance and the UPIA

Colva’s Policy Analysis Report details the exact manner in which it meets each and every one of the objectives of the UPIA so that your clients can rest assured in knowing that they have met their fiduciary responsibilities.

Furthermore, since Colva is an actuarial consulting firm, and not a life insurance agency that sells life insurance policies, our clients can rest assured knowing that they are receiving the best technical and financial advice to improve their individual financial options–and not that of a life insurance agent. Colva’s Policy Analysis Report helps trustees answer the following important questions with regards to their policies:

  • Are the policyowners paying too much or too little for the policy?
  • Will the policy lapse if no action is taken?
  • Should policyowners allocate less capital to the life insurance policy and more to other assets that are earning better returns?
  • Are other life insurance policies on the market performing better than this one?

Contact Colva at [email protected] to see how we can help provide the life insurance trust servicing you need and get your clients the value from their life insurance policy that they deserve.

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