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DTSTART:20171023T170000Z
DTEND:20171023T181500Z
LOCATION:MAC 405 Washington Avenue
UID:1497320171023T170000ZThe Life Insurance Lapsing Policy Crisis
DTSTAMP:20260305T235048Z
DESCRIPTION:\nClick [HERE](https://estate-planning-council-of-st-louis.ticketleap.com/randywitelaw102317/) to register and get a ticket\n \nAbout the talk:\n \n• What caused the lapsing policy crisis?\n \n• What corrective action can be taken?\n \n• Are life insurance advisors the problem?\n \n• Should legal advisors serve as ‘Accommodation’ ILIT Trustees?\n \nCE\n \nCPE Learning Objectives\n \nUpon completion of this course, you should be able to:\n \nIdentify life insurance policies at risk of lapse\n \nUnderstand the creditable risk management appropriate for different product type and objectives\n \nAvoid allegations of misleading - and deceptive marketing practices\n \nAffirm ongoing policy suitability.\n \nDelivery Method: Group-live setting\n \nEarn 1 CPE Credits for this session. Number of credit hours earned based on 50 minutes of talk. Change if more than one hour.\n \nField of Study:  Specialized knowledge and applications\n \nProgram Level Intermediate\n \nPrerequisites – There are no prerequisites or advanced preparation for this session – Change if there are any prerequisites.\n \nWho should attend? Everyone at all levels\n \nCFP \n \nProgram Summary:  An Advisor and Trustee guide to managing life insurance risk and avoiding a client crisis.\n \nLearning Objective(s): How to identify lapsing life insurance policies and provide creditable policy risk management.\n \nHow to unskilled ILIT Trustees can provide a creditable scope of services to maximize the probability of a favorable planning outcome. \n \nLevel of Complexity Intermediate\n \nBio: E. Randolph Whitelaw is Managing Director of Trust Asset Consultants, LLC (TAC), a Trust- Owned Life Insurance (TOLI) risk management consulting firm, and The TOLI Center, LLC (TTC), a life insurance policy administration and risk management firm. TAC’s clients are trustees, beneficiaries, professional advisors and affluent family groups. TTC provides professional fiduciaries, professional advisors, affluent families and businesses with a service-based life insurance plan administration and policy risk management platform.\n \nA leader in the TOLI risk management counseling and restructure marketplace, he is frequently engaged by professional fiduciaries and estate planning professionals to provide expert opinion and testimony in dispute and litigation matters, and FINRA Arbitration. He lectures nationwide and regularly authors in-depth peer-reviewed articles that illustrate his comprehensive knowledge of the ever-changing life insurance and life settlement markets. He was engaged by the American Bar Association (ABA) to co-author a book titled The Life Insurance Policy Crisis – The Advisors and Trustees Guide to Managing Risk and Avoiding a Client Crisis that was released for sale in September 2016.\n \nMr. Whitelaw has a corporate finance and capital markets background. He spent 15 years with a major bank holding company managing public corporation, larger private business and affluent family group relationships. His lending experience includes coordination of multi-lender ‘work- out’ borrowing arrangements. As Executive Vice President, he managed the holding company’s middle market business and private client group including the cross marketing of trust, investment, and life insurance services. His management experience included interface with the OCC bank examiners.\n \nIn the mid-1980s, he co-founded a consulting firm to specialize in the unique management and business continuity planning issues of larger family businesses, affluent family groups and family offices. His company offered investment advisory, life insurance and family office support services as well as the design, implementation and management of non-qualified deferred compensation plans for public corporations. In 1993, he co-founded and served as managing partner of a fee- based third-party TOLI policy administration company that developed a national reputation and clientele among regulated trustees and estate planning professionals. In 2001, he founded Trust Asset Consultants, LLC to provide corporate trustees, professional advisors, and insurance trust beneficiaries with “single source” TOLI fiduciary risk management consulting services.\n \n \n
SUMMARY:The Life Insurance Lapsing Policy Crisis - Estate Planning Council of St. Louis 
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