artisteer/iStock/Getty Images Plus How fiduciaries can protect themselves. Judith L. Pearson, Michael Brohawn | Mar 25, 2020 Trustees of life insurance have a fiduciary duty to beneficiaries to review life insurance policies periodically. In times of significant financial market volatility, it becomes even more critical to gauge market impact on the policies under their care. If assumptions no longer make economic sense, they may be personally liable for claims of negligence.
