CORPORATE SOLUTIONS

BOLI is a tax-efficient solution to offset the costs associated with employee benefit programs.  BOLI’s additional advantages include holding a tax-favored asset to diversify or complement a Bank’s investment portfolio. Safeguarding against a premature death of a key employee/executive.

   

The Bank allocates capital (premium) to purchase life insurance on their executives and officers.  The Bank is also the policyholder and beneficiary.  The BOLI purchase is typically designed as a single premium with cash surrender values growing tax-deferred and tax-free death benefits.

COLI is an attractive tax-favored alternative to taxable investments held by the corporation.   A properly structured COLI solution allows for cost recovery of non-qualified deferred compensation programs.  Additionally, tax-free death benefits are a significant advantage over other potential assets.

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COLI purchases life insurance on a group of executives.  The funding for a COLI solution can be structured as a single premium or a series of annual premiums with the corporation as the policyholder and primary beneficiary.

Executive benefits solutions extend to other sophisticated strategies that include:

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• Executive Carve-Out Programs

• Key Person Funding

• Buy/Sell Funding