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
Transamerica Settles Cost of Insurance Increase Litigation
In 2015 we reported on a Transamerica cost of insurance (COI) increase on a block of universal life policies and illustrated the 40% increase in COI on one policy affected raised the annual carrying costs [...]
Directed TOLI Trusts – the Good, the Bad and the Best Solution
Directed TOLI Trusts – the Good, the Bad and the Best Solution After over a decade in the TOLI (trust-owned life insurance) business, we are aware of trends that come and go. One trend we [...]
California Issues Regulations Concerning Cost of Insurance Increases on Life Insurance
California Issues Regulations Concerning Cost of Insurance Increases on Life Insurance Almost exactly a year ago, we wrote about a new regulation implemented by the New York State Department of Financial Services to “govern life [...]