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.

Our Leadership

Rajiv Rebello

Principal and Chief Actuary

Nolasko Abreu

Actuarial Director

Andy King

Andy King

Chief Marketing Officer

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.

Prior to working at Chartis, he worked in the Pricing and Mortality Departments of New York Life where he helped with the pricing, design, system illustration, and profitability analysis of New York Life’s Universal Life and Variable Universal Life products as well as conducting analysis and review of New York Life’s mortality experience.

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.

He can be reached at [email protected]

Nolasko Abreu

Actuarial Director

Nolask is an Actuarial Director at Colva. He works directly with RIAs to help model their clients’ current bond portfolios and compare them to no-commission annuity, alternative asset, and life insurance strategies to show clients how reduced volatility and increased after-tax, after-advisory yields can benefit them in retirement. Nolasko also helps show clients how to maximize tax-free returns in no-commission/low-commission life insurance products by minimizing expenses and premium payments.

Nolasko can be reached at [email protected]

Andy King

Andy King

Chief Marketing Officer

Andy King is the Chief Marketing Officer at Colva Actuarial Services. He works to ensure that Colva’s unique offerings of fiduciary solutions are seen and understood by the RIAs who, along with their clients, will benefit from them the most. Andy also works to help improve the experience for all of Colva’s clients, from structuring and sharing the team’s specialized knowledge, to collecting client feedback, to assisting with client communications. Andy helps ensure that the RIA community understands Colva’s value and its mission to be a partner, not simply a provider, to fiduciary RIAs.

Andy can be reached at [email protected].

Insurance Partners

Colva works directly with RIAs to show them how they can create better after-tax, after-advisory fee solutions for their clients. Colva’s insurance partners then help implement these solutions into the RIA’s practice. Below are some of the insurance partners Colva works with.

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.