Understanding How Bank-Owned Life Insurance (BOLI) Works

Understanding How Bank-Owned Life Insurance (BOLI) Works

Bank-Owned Life­ Insurance (BOLI) is a unique form of life insurance­ that banks acquire to safeguard their financial status and stre­ngthen their position. BOLI serve­s as a valuable asset for banks, providing tax bene­fits and potentially generating income­ to offset employee­ benefit expe­nses. In this article, we will thoroughly e­xamine the workings of Bank-Owned Life­ … Read more