While banks move briskly to distribute and to a lesser extent underwrite insurance, they may be overlooking substantial, often hidden risks to which they are already exposed. Our concern centers on the fiduciary assets known as trust-owned life insurance, or TOLI.

TOLI is a life insurance policy purchased by a trustee to serve the interests of a trust and its beneficiaries. TOLI provides a financial vehicle for achieving specific objectives for the trust on an effective and efficient basis, such as paying or deferring taxes or moving assets from one generation to another.

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