In 2022, Longevity Holdings acquired RIC bringing together two great companies, ITM TwentyFirst and RIC, under one owner. ITM TwentyFirst’s trust administration team and RIC have been busy working together and investing in solutions to expand the client offering.
We are excited to announce that the two companies have united under the new name Insurance Trust Monitor (ITM) to reflect these expanded business solutions. As one company, we are now able to offer the following solutions:
TOLIMONITOR
ITM’s managed solution is the industry’s only fully outsourced life insurance trust administration and policy management service. Trustees have dedicated support from a team of life insurance trust professionals; including trust administrators, insurance experts, actuaries and underwriters. The Managed Solution reduces the cost of managing this unique asset and allows redeployment of internal resources to more strategic and profitable areas of the trust operation, while ensuring controlled administrative processes and risk mitigation procedures in place.
ASSET ALLOCATION/REALLOCATION
Asset allocation/reallocation recommendations are an add on option to our tolimonitor solution. Having a consistent process in place to review, analyze, and reallocate the asset allocation for variable contracts is being scrutinized more by regulators. It is also a pain point for ILIT Trustees. We can now be retained to manage the investment component of variable life insurance and annuity contracts.
VALUMONITOR
ITM can now provide business owners, financial professionals, bank trust departments, fiduciaries, CPAs, lawyers, and other related parties with our business valuation solution to meet any of your clients’ needs. Our independent and objective valuation reports are prepared by a highly qualified staff and comply with industry leading business valuation standards and IRS Revenue Ruling 59-60. Our reports include Trust and IRA Calculation (Valuation) Reports, Formal Appraisal Reports, and other Valuation Reports. Include us on your next bidding opportunity!
WILLMONITOR
Our will file solution, willmonitor, provides secure, web-based software that allows for real time access when you are named as Executor or Future Trustee. Stores 300+ fiduciary fields and allows for unlimited users and ability to link client relationships. Includes integrated death index checks to determine deceased clients as well as annual data cleanses.
LIFE INSURANCE TRUST COMPANY
Life Insurance Trust Company is ITM’s sister company and the industry’s only trust company focused exclusively on life insurance trusts. They have perfected a process to efficiently and effectively transfer existing life insurance trust accounts in bulk, with little or no cost to the current trustee. LITCO will help position and message the transition with clients to avoid confusion and limit the number of “opt outs”, ensuring a successful transfer. Because they only manage life insurance, all accounts can be directed back to you when they become funded. LITCO is solely focused on delivering industry-leading ILIT administration and life insurance policy management services during the unfunded years.
If you have any questions about the name change, please reach out to Greg Kizer with questions.
