Professional Benefit Services
Strategic guidance backed by experience and trusted recommendations.
BANKING SOLUTIONS
Bank Owned Life Insurance (BOLI)
Many banks rely on BOLI to fund executive benefit programs, offset employment benefit costs, and support long-term financial performance. More than 70% of U.S. banks use BOLI as part of their executive benefit strategy.
Challenges It Helps Solve
Fund executive benefit programs.
Offset employment benefit costs.
Enhance yield opportunities.
Strengthen creditworthiness.
How It Works
Bank-Owned Coverage - Life insurance purchased and owned by a bank on the lives of key executives.
Leading Carriers - Access to highly rated, high-performing providers for safety and strong performance.
BOLI Reviews - Analyze existing programs as market conditions and carrier performance change.
Regulatory Guidance: Benefit from recommendations that help align your BOLI strategy with current regulations.
FUNDING APPROACHES
Corporate Owned Life Insurance (COLI / ICOLI)
Corporations and insurance companies need efficient funding strategies for executive benefits while managing long-term obligations.
Challenges It Helps Solve
Offset employee benefit obligations.
Support long-term funding needs.
Attract, retain, and reward key executives.
Improve program performance.
How It Works
Corporate-Owned Coverage - Life insurance purchased and owned by corporations or insurance companies on the lives of key executives.
Plan Development - Design, implement, and fund non-qualified executive benefit plans.
Program Reviews - Analyze existing programs as market conditions and carrier performance change.
Independent Access - Enhance yield and strengthen creditworthiness through carriers not available through many national COLI/ICOLI brokers.
RETENTION STRATEGIES
Supplemental Executive Retirement Plans (SERPs)
Organizations need competitive retirement benefits to attract, retain, and reward top executives while supporting long-term success.
Challenges It Helps Solve
Attract top executive talent.
Retain experienced leadership.
Reward long-term contributions.
Restore Top Hat shortfalls.
How It Works
Custom Plan Design - Non-qualified retirement plans designed for top executives.
Strategic Funding - Properly designed and funded to support positive institutional earnings.
Executive Retention - Helps retain top executives through long-term retirement incentives.
Organizational Value - Creates a positive, professional work environment while supporting institutional earnings.
COMPLIANCE SUPPORT
Plan Review and Audit
Changing regulations, carrier performance, and market conditions can affect executive benefit plans over time. Regular reviews help plans remain compliant, support shareholder objectives, and deliver long-term value.
Challenges It Helps Solve
Keep plans aligned with current regulations and legislation.
Evaluate carrier performance, ratings, and financial strength.
Identify opportunities to improve plan value.
Support long-term organizational and shareholder objectives.
How It Works
Plan Reviews - Assess carrier ratings, product performance, and funding strategies to support long-term plan success.
Benefit Audits - Evaluate non-qualified plans and BOLI/COLI programs affected by changing regulations and accounting rules.
Compliance Reviews - Review current regulatory guidance, legislation, and accounting standards, including FASB issuances, the COLI Best Practices Act, and Internal Revenue Code Section 409A.
Collaborative Analysis - Work alongside legal, tax, and accounting advisors to evaluate existing life insurance and ensure overall program value aligns with organizational objectives.
Secure Trusted Guidance
Contact us to learn how our experts can provide a complimentary review.