Traditionally, trustees have tended to treat life insurance policies as long-term assets that did not need to be actively managed or monitored. In the current environment, however, that approach is increasingly precarious.
In some cases, declining interest rates and market fluctuations have created a gap between policy performance and projections that were made at the time of sale.
In other cases, beneficiaries are failing to benefit from more favorable coverage options based on advancements in the medical technology used to determine underwriting risk or increasingly innovative, competitive policy options.
Just as investment portfolios are actively managed and monitored, life insurance requires professional management and analysis.