Insurance Network for Fiduciary Advisors and Life Insurance Trust Company, an affiliate of ITM TwentyFirst, Join Forces
Insurance Network for Fiduciary Advisors (IN4FA) confirms another strategic partnership that will focus on helping wealth managers safeguard their clients’ financial plans. IN4FA and Life Insurance Trust Company (LITCO), an affiliate of ITM TwentyFirst, have entered into an important strategic partnership. Their common goal focuses on helping Wealth Managers and RIAs honor their fiduciary role while better protecting their clients’ financial plans. The entire industry stands to benefit from this partnership. Both companies have tremendously strong networks and have each individually built communities of supporters who envision a better and more holistic way to manage insurance, the resulting policies, and the financial security for clients.
What is Insurance Network for Fiduciary Advisors?
IN4FA is a platform designed for fee-only or fee-based Wealth Managers or RIAs (collectively referred to as Wealth Managers) who provide financial planning to their clients. IN4FA recognizes the importance of addressing the planning risks associated with mortality, morbidity, longevity, and taxes – risks that can derail even the most carefully formulated financial plan and be easily overlooked in traditional wealth management and planning. As a fiduciary, the Wealth Manager may choose to take additional safeguards to protect this financial security. The IN4FA platform helps by partnering the Wealth Manager with a Risk Advisor who specifically provides fiduciary focused and collaborative risk management services to address the specific needs of the client.
LITCO benefits the IN4FA platform by acting as a partner with Wealth Managers and giving them and their clients, the resources needed to successfully manage irrevocable life insurance trusts (ILITs). LITCO’s trust professionals are supported by proprietary technology developed exclusively for managing ILITs. With over twenty years of expertise managing life insurance trust policies, LITCO’s team of experts provides Wealth Managers and their clients the support needed to maximize the value of their insurance policies.
LITCOs President, Ralph Medici had this to say about the partnership:
“Life Insurance Trust Company is and has always been focused on one asset class, Life Insurance. We do not buy or sell insurance and we do not provide investment advice. We are life insurance and trust experts. This “staying in your lane” approach has worked well for us and our clients. The ultimate goal is to always provide great value and service to the grantor and beneficiaries, making the partnership with IN4FA a perfect fit. “
About Insurance Network for Fiduciary Advisors (IN4FA)
IN4FA is powered by Agency Two Insurance Marketing Group, LLC, dba AgencyONE – a nationally recognized Brokerage General Agency (BGA) that has been in the insurance and risk management business for over 40 years. AgencyONE operates as an independent intermediary between Wealth Managers and RIA’s and insurance companies, and provides life insurance, annuities, advanced estate and retirement planning, medical underwriting, and full back-office support to insurance, financial, and wealth advisors and their clients.
AgencyONE developed the Insurance Network for Fiduciary Advisors to help Wealth Managers and RIAs fulfill their promise of complete, comprehensive financial planning to help them honor their fiduciary role.
About Life Insurance Trust Company (LITCO)
Life Insurance Trust Company is the first trust company focused exclusively on life insurance trusts. LITCO’s approach encourages advisor engagement, and gives Wealth Managers access to tools, resources, and a team of experts which allow them to navigate the complexities of life insurance trusts and life insurance policies. An affiliate of ITM TwentyFirst and part of the Longevity Holdings family of companies, LITCO is backed by the largest back-office dedicated to Trust Owned Life Insurance (TOLI) in the nation.