Bank-owned life insurance is a common tool that helps financial institutions offset the costs of employee benefits, and boards should review the BOLI program every year. Steve Marlow and Kelly Earls of Bank Compensation Consulting explain what boards should know about BOLI, including the impact of tax reform.
- Why Banks Purchase BOLI
- Evaluating Existing Programs
- Impact of Bank Size on BOLI Options
- How Tax Reform Will Affect BOLI