Life insurance products are complex financial instruments that need to be actively managed. FOXROC operates with the understanding that an insurance product’s performance must be measured continuously and not just at policy issuance. This commitment to in-force policy management is a distinguishing factor from our competitors, and it ensures that our clients are maximizing the economics of their premium dollars.
The Uniform Prudent Investor Act (UPIA), which has been widely adopted throughout the U.S., gives a fiduciary duty to trustees not just with investments, but also any life insurance products held in Trust. As such, legal judgments are measured by death benefit, not account values. In response, FOXROC assists trustees in developing a process to manage Trust Owned Life Insurance (TOLI).