Emerging Trend: Standards for Managing Life Insurance as an Asset

Life Insurance is a valuable planning tool for families that is too often comprised of a patchwork of policies purchased from an assortment of agents and owned by an ensemble of entities.  Changing family needs and deteriorating policy performance contribute to the confusion which threatens the effective use of this tool.  This risk is addressed by the Life Insurance Steward, a new industry role dedicated to the coherent, holistic evaluation and management of life insurance assets.  By combining the analytical tools of the insurance broker with the client orientation of the trust fiduciary, the Life Insurance Steward walks a middle path between these two professionals and fulfills key risk mitigation functions.