What We Do
The TOLI Center East – Overview
The TOLI Center East helps you, your advisor, and family members that are acting as the owner/trustee of your life insurance portfolio better understand their fiduciary responsibilities when it comes to managing, preserving & maximizing your life insurance coverage. Every life Ins policy needs to be evaluated to determine how much longer the policy will remain in force.
When you combine the fact that 60% of existing life insurance coverage is not guaranteed, along with the many years of sustained reduced interest rates, coupled with neglect on the part of the owners of these policies that didn’t realize that they should have been increasing their premiums as interest rates continued to decrease, you get an increasing percentage of life insurance coverage expiring prematurely. This pattern is creating a significant financial loss to the heirs.
In addition to the traditional monetary death benefit that the beneficiaries receive, life insurance policies today can also provide a living benefit for the owner while they are alive. For instance, an Insured can withdraw money directly from the death benefit of a Life Insurance policy Tax-Free, to pay for qualified long-term care costs. An Insured can accumulate money tax-deferred in a life ins policy and then withdraw it tax-free to supplement their retirement.
Our guidance is based on 35+ years of experience as an independent CFP with fiduciary responsibilities to do what’s in your best interest.
Visit the link below to listen to an episode of the AuthorExpertWire Podcast featuring The TOLI Center East’s Managing Director Henry Montag. Henry joins host Annie Jennings to discuss the life insurance awareness and education he provides to his clients.
The TOLI Center East was formed in 2011 with the intent of accomplishing 2 objectives.
1. Provide continuing education credits to CPA’s and Attorney’s, along with published articles in professional journals. Advocating the importance of evaluating the performance of a client’s individually owned or Trust Owned Life Insurance.
2. Provide the individual owner or the amateur trustee, with information for them to make an informed decision as to whether their existing premium dollars are being used in the most efficient manner to maximize their existing life insurance portfolio.
Within a 5 year period in Dec 2016, a book containing much of our research and advice was published by the American Bar Association in a Flagship book titled “The Advisors’ and Trustees’ Guide to Managing Risk.”