With the costs of employee benefits continuing their upward trend, it places even more pressure on margin. Consequently, banks are rediscovering the value of a well-designed Bank-Owned Life Insurance (BOLI) program. For four decades, BOLI has been the preferred tool for banks to offset the cost of employee benefit programs. Could this be a viable option for you?

In this article, Scott explains why bank-owned life insurance or BOLI has been the go-to strategy for banks to offset the cost of executive and employee benefits. Find out how life insurance can work to help banks and leadership benefit from recent tax code changes. What are the best approaches to deliver these benefit plans?

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IZALE founder and CEO, Scott Richardson has been delivering unsurpassed experience to clients for four decades, helping them execute optimal compensation packages. He delivers rich insight to clients by helping them structure compensation, nonqualified benefits, and both bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI) plans.

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