Bank Owned Life Insurance (BOLI)
Bank Owned Life Insurance (BOLI) is life insurance purchased and owned by a bank on the lives of its executives; More than 50% of U.S. banks make use of BOLI as a tool to fund executive benefit plans as well as offset general employment benefits.
EBO and its consultants make use of the highest rated, best performing BOLI carriers available on the market, which provides safety and strong performance for our community bank clients.
The uncertain financial atmosphere that has recently hampered the financial services industry has also had an effect on many insurance companies, including BOLI Carriers.
Execute Benefit Options has had success working with banks in order to analyze existing BOLI programs and identify opportunities to not only bolster credit worthiness but in many cases enhance yield, with carriers NOT AVAILABLE through other National BOLI brokers.
Please contact us to learn how EBO can provide a complementary BOLI review.