Colva provides fee-only and fee-based RIAs with customized fiduciary life insurance and annuity solutions.

After helping to price and design life insurance policies as an actuary at New York Life, Rajiv grew disillusioned by the large amount of permanent policies that were lapsed by policyowners after paying more in premium than they should have. Furthermore, when policyowners cancel their policies, they were often charged huge cancellation penalties.

 

This means that a policyowner can invest tens to hundreds of thousands of thousands of dollars into a policy—if not more—and get almost nothing back. In fact, Society of Actuary studies show that 65% or more of long-term life insurance policies will be eventually be cancelled. This means that 65% of policyowners will end up paying a premium for a long-term policy while never getting the full benefit of it. Even those life insurance policies that are kept in-force often earn very low returns for clients because they were not structured properly to begin with—or the client purchased a policy with very high expenses.

Rajiv realized that he could use his expertise to show policyowners how to properly identify policies that had high expenses versus those that had low expenses—and then structure those low-expense policies to minimize premium payments and maximize the after-tax benefit clients receive. Rajiv first did this by helping to manage a 6,000+ life insurance policy portfolio as part of AIG/Chartis’ life settlement investment. Collectively these policies had over $18 billion in death benefit.

In 2011, Rajiv launched Colva with the idea of educating policyowners on how to properly utilize life insurance as an asset class—both individual policyowners as well as institutional investors in life settlements. As the RIA increasingly went fee-only, RIAs were in need of fiduciary life insurance partners that could benefit from Rajiv’s skillset and expertise and help them incorporate these solutions into a holistic financial plan.

In late 2019, Colva partnered with The BluePrint Insurance Services as a way to provide these fiduciary life insurance and annuity solutions to both fee-only and fee-based RIAs.

Our Leadership

Rajiv Rebello

Principal and Chief Actuary

Michael Robinson

Co-founder of The BluePrint Insurance Services

Matt Meyer

Co-founder of The BluePrint Insurance Services

Rajiv Rebello

Principal and Chief Actuary

Rajiv Rebello is the founding Principal of Colva Actuarial Services and is responsible for managing all business and development opportunities for Colva. Prior to starting Colva Actuarial Services, Rajiv worked in the Risk Finance Department of Chartis helping to manage and evaluate the risks of a $4 billion dollar alternative asset portfolio of life insurance policies with $18 billion in death benefit. While there he developed Chartis’ Reverse Engineering capabilities designed to save policyowners millions of dollars in unnecessary premium payments on life insurance policies while maximizing their expected death benefit proceeds. He also provided valuable analysis that helped shape Chartis’ view of mortality on these policies.
Rajiv is a licensed actuary and is a Fellow of the Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA). Rajiv holds a B.S. from Stanford University. Prior to beginning his corporate actuarial career, he was a teacher in high-needs schools in New York City. He started Colva as a means to educate policy owners about both the risks and benefits of investing in life insurance and help them get the most value out of their policy.

Michael Robinson

Co-founder of The BluePrint Insurance Services

Michael currently serves as Co-Founder and Managing Partner of The BluePrint Insurance Services, which is the insurance partner of Colva Actuarial. While Colva helps RIAs structure solutions for their clients, The BluePrint helps implement these fee-only and fee-based solutions within the RIAs platform.

The BluePrint is a partner of a leading life insurance and annuity marketing company in the country, AimcoR Group. Michael focuses on working with Registered Investment Advisory firms and independent financial advisors across the country. Michael specializes in retirement income planning and using insurance in retirement portfolios to lower the risks associated with investing.

Michael started in the insurance and financial services industry in 1994. He has spent his entire career helping and consulting financial advisors. Michael lives with his wife and two sons in San Diego, California. Michael serves on the Board of Directors with The Center for Community Solutions in San Diego, CA. He holds a Bachelor’s from Boston University.

Matt Meyer

Co-founder of The BluePrint Insurance Services

Matt currently serves as Co-Founder and Managing Partner of The BluePrint Insurance Services, which is the insurance partner of Colva Actuarial. While Colva helps RIAs structure solutions for their clients, The BluePrint helps implement these fee-only and fee-based solutions within the RIAs platform.

The BluePrint is a partner of a leading life insurance and annuity marketing company in the country, AimcoR Group. Matt currently serves as Founder and Managing Partner of The BluePrint Insurance Services, a partner of a leading life insurance and annuity marketing company in the country, AimcoR Group. Matt specializes in working with financial advisors on complex estate and business planning issues. He takes a holistic planning approach and prides himself on speaking the same language as RIAs and comprehensive financial advisors.

Matt Meyer has been in the insurance and financial services business since 1998. Matt has had the opportunity to gain extensive experience consulting large organizations on their employee benefit programs, assist high net worth families in the estate planning process, and provide overall guidance to advisors, CPAs, and estate planning attorneys. Matt works with advisors and clients to structure and model transactions, general financial strategies, as well as to examine the short and long-term products utilized for risk mitigation.

We tailor our services to each individual RIA that we work with. Get in touch to learn how you can make better financial decisions for your clients while earning more for yourself.

We’re not just another insurance provider for RIAs;
We’re their fiduciary actuarial and insurance partner.