Questions institutions ask about ILIT administrative support.
Plain answers about ILIT and trust-owned life insurance administration, how AI is used, and what Anqa Life does and does not do.
What is ILIT administration?
An irrevocable life insurance trust (ILIT) owns one or more life insurance policies for the benefit of the trust's beneficiaries. ILIT administration is the recurring operational work around those policies: keeping policy and trust records organized, tracking premium dates and notices, coordinating with insurance carriers, preparing materials for periodic policy reviews, and documenting what was done. The trustee remains responsible for the trust and its decisions.
What is trust-owned life insurance (TOLI)?
Trust-owned life insurance refers to life insurance policies owned by a trust rather than by an individual. Institutions that serve as trustees, such as banks, trust companies, and professional trustees, often oversee many of these policies and need consistent administrative processes around them.
What does Anqa Life do?
Anqa Life provides technology-enabled administrative support for institutional ILIT operations. We organize policy information and correspondence, track defined dates and tasks, prepare draft materials and correspondence for review, coordinate authorized follow-up with carriers, and maintain completion evidence, all under the direction of the customer.
Does Anqa Life act as a trustee or fiduciary?
No. Anqa Life is not a bank, trust company, trustee, or fiduciary. The customer remains trustee and retains all discretionary, fiduciary, and regulated decisions. Anqa Life does not exercise trustee discretion, hold customer funds, initiate payments, or make policy changes.
Does Anqa Life sell or recommend life insurance?
No. Anqa Life is not an insurance company and is not licensed as an insurer or insurance producer. It does not sell, solicit, negotiate, place, or recommend insurance or securities, and it does not provide legal, tax, investment, actuarial, insurance, or fiduciary advice.
Can Anqa Life help with Crummey notices?
Anqa Life can track notice dates and prepare draft notices and related correspondence for review and approval by the trustee and its authorized professionals. Whether and how notices are required is determined by the trust document and the customer's own legal and tax professionals.
How is AI used in Anqa Life's work?
Anqa Life is AI-native: governed AI assists with reading documents, comparing information, drafting, and case preparation inside defined workflows. Specialists and customers review the work, and consequential items follow an approval path. An AI output never authorizes an action, and AI-generated content may be incomplete or incorrect, which is why it is subject to defined review.
Who is Anqa Life for?
Anqa Life is designed for banks, trust companies, professional trustees, law firms, family offices, and other authorized teams that support ILIT portfolios and remain responsible for them.
How does an engagement begin?
Each engagement starts with a written description of the portfolio, available information, administrative work in scope, retained decisions, required approvals, and escalation paths. A typical path moves from portfolio and responsibility mapping to record reconciliation, workflow configuration, and then controlled operations.
Where are Anqa Life's services available?
Services are subject to a written agreement and availability by jurisdiction. Services are not offered where a license, registration, or other authorization is required unless and until the applicable requirement is satisfied.
What should I avoid sending through the website?
Please do not send trust documents, policy numbers, insured or beneficiary names, medical information, financial records, tax information, or attachments through the public website. Keep initial inquiries non-confidential.
These answers are general information about Anqa Life's services. They are not legal, tax, insurance, investment, or fiduciary advice. See Legal & service scope.