Page 7 - 2017 Trust Brochure
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ILFI Trust Group Insurance Program
Strong partners working together to
provide stable, high quality group insurance
products for ILFI Trust members .
Dedicated comprehensive History of the Trust
service The Illinois League of Financial Institutions Trust has
The ILFI Trust provides members with dedicated been providing group health insurance products to
field service executives to review plan updates, Illinois banks since 1967. A formal Trust Agreement
meet with employees/management to answer the was adopted in 1967 and has since been amended to
inevitable insurance coverage questions. meet all the requirements of the Employee Retirement
Income Security Act of 1974 (ERISA). The Trust is
Annual seminars are conducted, and mailings are a separate legal entity and the policyholder for the
sent to members to communicate any changes well various group insurance policies offered to all League
in advance of renewals. There are no last-minute members. The Trust enjoys a tax-exempt status under
surprises. Section 501 (c) (9) of the Internal Revenue code.
Some important facts about the group insurance
Improving the lives of programs available through the Trust include:
Illinois bank employees
n The Trust is a not-for-profit entity, existing solely
The ILFI Trust insurance plans are easy to for the purpose of affording League members a
understand, with services that support your efforts source for purchasing quality and competitive
to keep employees healthy and protect their families. group insurance products and services.
Healthier employees tend to be more productive
and spend fewer health care dollars, resulting in n The Trust is governed by a Board of Trustees made
health care professionals having more time to focus up of executive officers from our own member
on patients with serious needs. In general, the whole Banks.
system simply works more smoothly and effectively.
n The Trust’s policies and products are all fully in-
About ILFI Trust sured by some of the nation’s top carriers.
A service for members of the Illinois League of n The Trust employs an ERISA attorney. The Trust
Financial Institutions, the ILFI Trust is the only also employs the consulting services of Clemens &
banker-led program in Illinois that offers its Associates.
member institutions and affiliates the benefit of
true-quality group insurance. Through the ILFI n League members who participate in the group
Trust, you can provide your employees with a strong insurance program enjoy the security, protection
plan that offers stable rates and minimized risk. and other advantages of being insured as part of a
Joining the ILFI Trust, your institution becomes larger group.
part of a larger insured group made up of banks and
affiliates throughout Illinois. In larger groups, risk is n Member groups receive individual attention from
spread more evenly, allowing premiums to stabilize the staff at the Illinois League on any questions or
and protecting the individual member from a large, assistance they need.
catastrophic claim.
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