A life insurance policy issued by a bank as an employee benefits vehicle, whereby the bank is listed as the primary beneficiary. The policy is set up with a fund where premiums are deposited and claims are paid out. This type of policy allows the bank to accumulate funds tax-free.
Related information about bank-owned life insurance (BOLI):
- Bank-Owned Life Insurance (BOLI) Definition | Investopedia
A form of life insurance purchased by banks where the bank is the beneficiary, and/or owner. This form of insurance is a tax shelter for the administering bank, ...
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National banks may purchase and hold certain types of life insurance called bank -owned life insurance (BOLI) under 12 USC 24 (Seventh). Banks can purchase ...
- Bank Owned Life Insurance (BOLI) Questions & Answers
Bank Owned Life Insurance (BOLI) is an excellent vehicle for financing the cost of employee benefits. BOLI may offset the current and future costs of pre- and ...
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... December 7, 2004 providing additional guidance about bank-owned life insurance (BOLI). BOLI is an insurance product that provides an effective way to offset ...
- understanding boli - Tom Bakos Consulting Inc.
Oct 16, 2002 ... Bank Owned Life Insurance, BOLI, is a form of Corporate Owned Life Insurance, COLI. There are two generic types of life insurance products ...
- Bank-Owned Life Insurance (BOLI)
Since its inception in the 1980s, bank-owned life insurance (BOLI) has become an accepted and widely used financial vehicle through which banks all over the ...
- NYLEX Benefits - Bank-Owned Life Insurance (BOLI)
The articles and bulletins in this section can help you learn more about Bank- Owned Life Insurance (BOLI).
- Bank Owned Life Insurance (BOLI) - American Bar Association
Bank Owned Life Insurance (BOLI) and PLR 201152014. ©. An Innovative Arrangement Poses Numerous Issues1. By. Charles C. Morgan. 2. And. James L.