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Customer Reviews

COLI/BOLI

One of the fundamental legal requirements for life insurance is that the policyholder have an “insurable interest” in the life of the would-be insured.  Because businesses rely on the hard work and know-how of their personnel—particularly those with particular experience or training—companies have an insurable interest in their officers and employees. In fact, corporate-owned life […] Read more

BOLI: Bank Owned Life Insurance

Bank owned life insurance (BOLI) is life insurance purchased and owned by banks.  With the exception of term policies occasionally used to cover a borrower while a large debt remains outstanding, bank-owned policies are usually permanent life insurance, like whole or universal life. The permanent policies accrue cash value, which earns tax-advantaged interest at competitive […] Read more