Insurance Company-Owned Life Insurance

An institutional life insurance product chassis allows an insurance company to allocate a portion of its surplus into corporate-owned life insurance, often referred to as ICOLI. Life insurance is an admitted asset, delivers tax-deferred or tax-free investment gains, and reduces Risk-Based Capital (RBC) charges.

Improve your earnings

An admitted asset with reduced Risk-Based Capital (RBC) charges while allowing for a more aggressive asset allocation and higher yield potential.

We deliver proprietary and institutional ICOLI products.

Risk-Based Capital

An admitted asset with reduced Risk-Based Capital (RBC) charges while allowing for a more aggressive asset allocation and higher yield potential.

Tax-Efficient Asset

Investment gains are tax-deferred or tax-free if the ICOLI is held until the insured's death.


Retail “off-the-shelf” life insurance products do not meet the needs of institutional corporate clients - we offer proprietary products.

Improve earnings & reduce RBC

Our clients invest in Insurance Company-Owned Life Insurance (ICOLI) to reallocate a portion of surplus while improving net after-tax earnings and reducing Risk-Based Capital (RBC). The RBC charge for life insurance companies is 0% and 5% for property & casualty companies.

How It Works


Gather information on reserve investments, Risk-Based Capital, business assumptions, and potential insured group of employees.


Evaluate product and appropriate investment options, develop a cash flow and earnings impact model.

Issue & Manage

Issue the ICOLI contracts on the insured population, wire the initial premium, and report on monthly values.

Copyright © 2021 TRC Financial. All rights reserved.

TRC Financial Insurance Services and affiliates are presently licensed to sell insurance and annuity products, as well as other securities products in the following states: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, West Virginia and Wisconsin. Residents of other states should consult with a local registered representative for insurance services and securities products. Proper state registration is mandatory prior to conducting business in that state. This is not an offer to sell securities, which may be done only after proper delivery of a prospectus and a client suitability review. CA License - #0E14614 \ CA License #0B40789 \ CA License #0B52893 - The principle place of business and the state of domicile for TRC Financial is: 1 Post, Suite 150, Irvine, CA 92618. Securities offered through Registered Representatives of M Holdings Securities, Inc., a Registered Broker/Dealer Member FINRA / SIPC. Check the background of this Firm and/or investment professional on FINRA's BrokerCheck. TRC Financial is independently owned and operated and is a Member Firm of M Financial. Please go to and click on “Disclosure Statement” at the bottom of the home page for further details regarding this relationship. For important information related to M Securities, refer to the M Securities’ Client Relationship Summary (Form CRS) by navigating to

(949) 509-2940