Introducing The First Trust Company
Focused On Life Insurance Trusts
Focused On Life Insurance Trusts
Life Insurance Trust Company is the first trust company in the country focused exclusively on life insurance trusts and provides fiduciary services to grantors and beneficiaries of irrevocable life insurance trusts that go beyond typical corporate trustee services. We are a member of the ITM TwentyFirst family of companies, which have been providing independent life insurance services for trust owned life insurance since 2002. Life Insurance Trust Company is located in Sioux Falls, South Dakota so our clients can benefit from South Dakotas progressive trust laws.
Providing professional fiduciary services for irrevocable life insurance trusts is Life Insurance Trust Company’s sole business. We have a team of experienced professionals well versed in fiduciary trust and life insurance services giving us an advantage in managing these unique assets. We build strong relationships with our clients to understand and meet their insurance trust needs.
Life Insurance Trust Company has the tools, resources, and team to help you navigate the complexities of life insurance trusts and life insurance policies.
Successor Trustee
Life insurance is a particularly complicated asset to manage unless you have the specialized systems, processes and procedures coupled with an experienced staff trained to manage the asset and administer the trust. For this reason, banks, trust companies, and advisors benefit from having Life Insurance Trust Company become their successor trustee for insurance trusts.
Managing Your ILIT
Life insurance Trust Company can help you navigate the complexities of an irrevocable life insurance trust, the assets contained in insurance trusts, and obligations to grantors and beneficiaries.
Recent Blog Posts
The Life Insurance Trust Company Process
In our last post, we highlighted the fact there finally is a solution for those TOLI trustees that share a common problem - orphan trusts - life insurance trusts with grantors who have no other [...]
Life Insurance Trust Company Completes Bulk Transfers of Life Insurance Trusts
Life Insurance Trust Company Completes Bulk Transfers of Life Insurance Trusts Establishes unique and proven process to transfer ILITS from Banks and Trust Companies Sioux Falls, South Dakota, September 18, 2018: Life Insurance Trust [...]
What A TOLI Trustee Can Learn from Existing Court Cases – Part 2
In our last post, we reviewed three court cases that guide TOLI trustees dealing with the liability that managing life insurance brings. In this post, we will review three more cases that will add to [...]