South Dakota · Public trust company
Life Insurance Trust Company, LLC
Also used as LITCO.
Services offered
- Irrevocable life insurance trust corporate and successor trusteeship as marketed
- Co-trusteeship on directed trusts with an outside investment advisor, as described on the 25 October 2023 page
- ILIT administration (Crummey notices, premium-due notices) as listed on Individual Trustees
- Policy review, policy management, and trust-management reporting as listed
Who it is for
- Financial advisors, insurance agents, estate attorneys, banks and trust companies, family offices, and individual trustees, as listed on the homepage
- Grantors and individual trustees who want a corporate successor trustee for an ILIT
- Advisors who want LITCO to administer while an outside investment advisor directs
Sourced facts
- On the South Dakota Division of Banking roster of trust companies chartered to do business in South Dakota as of September 2026 as Life Insurance Trust Company, LLC, credential TC.123-2, public TC.2, first issuance 21 November 2017, at 5132 South Cliff Avenue, Suite 6, Sioux Falls, SD 57108.
- The homepage and Individual Trustees page publish phone 888.320.9594. The firm also publishes info@lifeinsurancetrustco.com.
- Individual Trustees states LITCO remains conflict-free and independent because it does not market or sell life insurance, and describes successor-trustee work as taking over trust management, policy management, and reporting.
- The 25 October 2023 page “The Best Solution for Managing Directed Trusts” describes LITCO helping clients as co-trustees, working with outside advisors and creating a partnership with the named investment advisor, while LITCO manages trust administration.
- Homepage and Individual Trustees pages publish marketing counters for policies administered and policy face amount. Those figures are omitted here.
Notes
Life Insurance Trust Company, LLC (LITCO) is on the South Dakota Division of Banking September 2026 roster as a public trust company (TC.123-2), first issued 21 November 2017, at 5132 South Cliff Avenue, Suite 6, Sioux Falls. Published contact details include 888.320.9594 and info@lifeinsurancetrustco.com.
This is an ILIT specialist, not a general directed-trust shop. Individual Trustees says the firm does not market or sell life insurance. The 25 October 2023 directed-trusts page describes LITCO as co-trustee with outside investment advisors while LITCO manages administration. Homepage marketing counters for policies administered and face amount are omitted. Confirm the South Dakota charter is the signer and whether the seat is ILIT successor trustee or directed co-trustee. This page does not invent fees or AUM.
What to verify next
Confirm credential TC.123-2 and that Life Insurance Trust Company, LLC — not an insurance carrier and not an individual trustee — is the appointed South Dakota trustee. This is an ILIT niche, not a general directed-trust boutique. Get the seat in writing. The 25 October 2023 directed-trusts page describes co-trustee administration while an outside investment advisor directs; ask whether that is the engagement or a straight ILIT successor trusteeship. Individual Trustees says the firm does not market or sell life insurance — confirm that on the file. Omit homepage marketing counters. Ask for a current fee schedule; do not invent fees. Omit AUM.
Sources
State file: South Dakota trust companies · South Dakota directed trustees · Other South Dakota listings