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TRC Financial Underwrites & Places $80,000,000 in Coverage for CEO

Updated: Dec 9, 2019

Irvine, CA, November 8, 2019 -- TRC Financial, an independent insurance brokerage firm, recently arranged and closed $80,000,000 of key person life insurance coverage on the CEO of one of the largest employers in the United States with headquarters in Orange County, California.

TRC Financial was tasked with placing $80,000,000 of death benefit while carefully managing the reinsurance market in light of the total coverage inforce on the CEO. TRC Financial represented the insured, the company and the private equity firm who was leading the capital investment. In order to deliver the most advantageous pricing, TRC Financial leveraged its confidential and private underwriting process to protect the CEO and deliver the best pricing for the company. “Our proprietary underwriting process was critical to successfully placing this coverage,” said TRC Financial Principal Jim Roberson. “By keeping our firm and clients in control of the process, we can successfully negotiate and deliver the best outcomes.”

Ultimately, the coverage was arranged with three life insurance carriers who met the pricing and financial requirements. The coverage was structured to meet the needs of the company in addition to providing flexibility for both short and long-term liquidity needs. The premium funding strategy deployed minimized the earnings impact to the company and its shareholders.

For assistance with acquiring critical key person insurance, please contact us or visit our Key Person Life Insurance page to schedule a call.

About TRC Financial

TRC Financial is an independent firm that delivers a reliable and unbiased approach to acquiring and managing life and disability insurance portfolios and innovative benefit plans. Our focus centers around proprietary plan design, product placement, and administration for life insurance, disability insurance, executive benefit plans, and private placement insurance investment accounts. We are the oldest and most established firm of its type in Southern California.

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