The Life Insurance Policy Crisis ― The Advisors and Trustees Guide to Managing Risks and Avoiding a Client Crisis

The Life Insurance Policy Crisis pulls back the veil on this looming crisis of policy lapse, and explains the solutions for fixing it.

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.E. Randolph Whitelaw

A leader in the TOLI risk management consulting 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. 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.

Mr. Whitelaw has a corporate finance background. He spent 15 years with a major bank holding company working with its public corporation and larger private business clients. His lending experience includes coordination of multi-lender 'work-out' borrowing arrangements and interface with OCC bank examiners. 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.

In 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 feebased 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. In 2004, he and Liz Colosimo co-founded Life Settlement Partners, LLC, a life settlement consulting firm that works exclusively with policy sellers.

Henry Montag is an Independent Certified Financial Planner in practice since 1976 with offices in Long Island and New York. He is a principle of The TOLI Center East, which provides independent fee-based performance evaluation for private trustees, their advisers and institutional trustees regarding the protection of private or trust-owned life Insurance.

He has had articles published in various publications including those of the New York State Bar Association, NYSSCPA's Tax Stringer, Tax Facts, National Conference of CPA Practitioners, and Suffolk County Women's Bar Association. He has lectured extensively on the proper utilization of financial products to protect and preserve assets to the New York State Bar Association, the New York State Society of CPAs, The American Institute of CPAs and the National Conference of CPA Practitioners.

He has been a source for The Wall Street Journal, Investor's Business daily, Investment News, Newsday, Long Island Business News and featured in Financial Planning Magazine.

He has also appeared on Fox News, News 12, Wall Street Week TV, and FIOS Money & Main Street. He has recently co-authored a book for the American Bar Association, (A.B.A), titled: "The Advisor's Guide to Managing Risk and Avoiding a Client Crisis" (Release Sept 2016).