First Lawyers Trust Company has entered into a strategic
relationship with Insurance Trust Monitor, Inc. (www.youritm.com) to provide
expert administrative support to First Lawyers in its capacity as
trustee of irrevocable life insurance trusts. ITM will
provide annual policy reviews, risk management, policy remediation,
and client services.
Headquartered in Cedar Falls, Iowa, ITM's one and only business
is to provide customized ILIT administration services. ITM is
SSAE 16 certified and is staffed by experienced insurance, trust,
legal, and tax professionals with a combined 150+ years of
experience in the industry. ITM is privately owned and
provides objective and unbiased service, completely independent of
insurance carriers and products. It does not directly or
indirectly sell or otherwise market insurance products or
investment products or services.
ITM employs the technology of InsuranceIQTM, which
was founded earlier by the principals of ITM, continues to be
managed in common with ITM, but now operates as a service of
Informa Investment Solutions (www.informais.com).
First Lawyers welcomes the opportunity to serve as
an ILIT trustee. We offer a simple, highly competitive fee
structure, which is applied per trust not per
policy:
One-time set-up charge: $250
Annual charge: $1000
Please contact us to discuss our approach to ILIT
administration and determine whether we can be of service to you
and your clients.