Run an ILIT Oversight Assessment
A 20-question structured framework to evaluate trust-owned life insurance for documentation gaps, sustainability risk, and carrier exposure. Completed in five minutes. Results and interpretation delivered immediately by email.
Tests four fiduciary areas: review cadence, policy sustainability, ownership integrity, and carrier risk
Identifies specific documentation gaps trustees are now expected to close
Compares your current framework against the structure used in independent policy analysis
Requires no policy documents, carrier calls, or CRM connection
40+ Years in Life Insurance Analysis
CLU Designation (Chartered Life Underwriter)
3,500+ Policies Reviewed
Author, “How To Do A Proper Policy Review”
ILIT Oversight Is Often Assumed, Not Structured
ILIT Oversight Is Often Assumed, Not Structured
Trust-owned life insurance policies are long-duration financial contracts. Many were designed years ago under economic and carrier assumptions that no longer exist.
In many trust departments:
Review cadence is informal.
Carrier projections are accepted without stress testing.
Documentation may not reflect a defined fiduciary discipline.
Policies are assumed to be performing as intended. That assumption is where exposure begins.
When performance deteriorates, trustees must demonstrate that oversight was structured, disciplined, and documented. Without a defined review framework, that becomes difficult to show.
Four Oversight Areas. Twenty Questions.
Immediate Results.
The assessment tests four core areas of ILIT oversight with five questions each. Each response is Yes, No, or Unknown.
Any No or Unknown flags the item for internal review.
The Four Areas
1. Review Cadence and Documentation
When the policy was last reviewed, whether cadence is documented in internal procedures, whether findings are memo’d and stored in the trust file, whether in-force data is obtained directly from the carrier, whether findings are communicated to stakeholders.
2. Policy Sustainability and Performance
Whether the policy has been tested under current carrier assumptions and the guaranteed scenario, whether the current premium is adequate through intended duration, whether minimum and maximum premium thresholds are understood, whether loans and withdrawals have been reviewed for long-term impact.
3. Ownership and Beneficiary Integrity
Whether beneficiary designations have been verified within the past 24 months, whether the beneficiary structure aligns with trust language, whether contingent beneficiaries have been reviewed, whether minor or special-needs considerations are properly structured, whether trustee authority and policy ownership are clearly documented.
4. Carrier and Contract Risk
Whether the carrier’s financial strength rating has been reviewed in the past 24 months, whether product type and guarantee structure are understood, whether riders have been reviewed for status and expiration, whether conversion deadlines are tracked, whether a documented action plan exists if sustainability issues arise.
Scoring
Results are tiered by the count of No and Unknown responses:
0–3: Oversight appears structurally sound. Continue defined cadence.
4–7: Moderate exposure. Documentation or sustainability review may require strengthening.
8 or more: Elevated fiduciary exposure. Formal ILIT review framework recommended.
Your score, a tiered interpretation, and a summary of the areas flagged for internal review are sent to your inbox immediately after submission.
About the Analyst
Frank M. Campbell, CLU
Independent Policy Analyst, Stratus Financial Partners
Frank has spent 40+ years in life insurance analysis, with particular attention to trust-owned and institutionally held policies. He is a Chartered Life Underwriter (CLU) and the author of “How To Do A Proper Policy Review: No Beneficiaries Left Behind.” He has conducted 3,500+ policy reviews for individuals, family offices, and trust departments.
His earlier career included Naval submarine service — an environment where precision, documentation, and procedural discipline were not optional. Those same standards inform his approach to ILIT analysis.
The most significant ILIT problems rarely originate from product design. They originate from undefined review structure.”
— Frank Campbell
Begin the Assessment
Enter your information below. The 20-question assessment loads immediately.
Your score and a brief interpretation are sent to the email you provide.
Get the Assessment
Common Questions
Q: Who is this assessment for?
A: Institutional trust officers, trust company personnel, independent professional trustees, and family trustees with fiduciary oversight of life insurance policies held inside an ILIT.
Q: How long does it take?
A: Approximately five minutes. Twenty Yes / No / Unknown questions across four oversight areas.
Q: Do I need the policy documents to complete it?
A: No. The assessment tests oversight structure, not policy specifics. Most items can be answered from internal process knowledge alone.
Q: What happens after submission?
A: An email is sent immediately with your score, a tiered interpretation, and a summary of the areas flagged for internal review. No call or follow-up is required.
Q: Is there a charge?
A: No. The assessment is a complimentary internal-use tool.
Q: Can I share the assessment with colleagues?
A: Yes. It is designed as an internal-use framework and is intended to be distributed within the firm.
Run the Assessment
Twenty questions. Four oversight areas. A documented snapshot of where your ILIT framework stands.
Testimonials
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