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ILIT Services
Why should you bring your existing ILITs to Citadel Trust?
We are uniquely dedicated to the complexities of Irrevocable Life Insurance
Trusts. We have a staff committed to ILIT management, oversight, analysis, recommendations and support. Our
staff includes trust officers, attorneys, a team of life insurance experts and trust administration experts.
The ongoing activities this team performs include:
- Comprehensive review of the ILIT vehicle
- Pre-acceptance & annual review of insurance carrier
- Ongoing performance reviews of insurance policy
- Manage annual contributions
- Maintain account status
- Prepare and send all "Crummey" notices
- Pay annual premiums
- Assist in managing assets of variable universal life insurance policies
- Prepare trust income tax returns
- Help to redesign, sell or exchange non performing life insurance policies
Benefits to your Bank & Trust Co.
There are several benefits to Citadel managing your existing ILITs:
- Eliminate Liability - with average face values above $1.5 million, the size of the liability is enormous
- Avoid common pitfalls - without the proper expertise in life insurance policy analysis, on average, 27% of existing ILITs are scheduled to lapse within the lifetime of the grantor
- Generate Revenue - there are potential opportunities to manage the grantor or beneficiary accounts upon funding
Why Citadel Trust?
- Expertise is needed to understand, administer, analyze and restructure under-performing trusts
- If the trust is not set up, administered and reviewed properly the liability rests
with the fiduciary
- Citadel Trust accepts existing ILITs from banks just like yours
Insurance expertise is tremendously important
Complex questions concerning life insurance policies and companies require unique analysis by a team of life insurance specialists.
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 A Letter to Welcome You...
8630 Delmar Blvd.
Suite 110
St. Louis, MO 63124
Phone: 314-997-1110
Toll Free: 800-332-2963
Fax: 314-442-0070
info@citadeltrust.com
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