Equias Alliance is in the BOLI and benefit plan news often.

ABA: Tax-Deferred Income Generated by a Fixed Income BOLI Policy

Dear Council Members,

During the banker roundtable discussions at the CBC Spring meeting, the prospect of using Bank-Owned Life Insurance strategies in this environment came up. Income generated from a fixed income BOLI policy is typically higher than a bank can earn on other investments with a similar risk profile. To give you more insight, ABA's Corporation for American Banking and their partner Equias Alliance has provided this article on the topic.

Tax-Deferred Income Generated by a Fixed Income BOLI Policy:

"BOLI Is Becoming an Increasingly Attractive Option for Banks" originally published on Bank Director.com

Tax-deferred income generated by a fixed income BOLI policy is currently higher than what is earned on other investments with a similar risk profile. BOLI is used to recover costs of employee benefits and offset liability for retirement benefits, helping banks to keep up with rising benefit costs. If the bank qualifies, BOLI is also available with no medical underwriting. If your bank is using BOLI or is considering reviewing BOLI strategies, this overview article from Bank Director.com by Ken Derks of Equias Alliance may be useful: BOLI Is Becoming An Increasingly Attractive Option for Banks.

Equias Alliance BOLI services are endorsed by the ABA through its subsidiary, Corporation for American Banking. Please contact Steve Polestak, spolesta@aba.com for a due diligence report.

Equias News

Q3 2017 Equias Alliance/Michael White 2017 BOLI Holdings Report
Click here to read more

Compensation Strategies to Attract, Retain and Motivate Millennials – BankDirector
Click here to read more

Top 10 Reasons Banks Own BOLI – Joe Schaefer, MBA
Click here to read more

More Equias News

Current Events

Ohio Bankers | OBL Economic Summit | February 6 | Greater Columbus Convention Center, Columbus, OH

American Bankers Association | National Conference for Community Bankers | February 25 - February 28 | Hilton Hawaiian Village Waikiki Beach Resort, Honolulu, HI

More Current Events

 

 

Insurance services provided by Equias Alliance, LLC, a subsidiary of NFP Corp. Doing business in California as Equias Alliance Insurance Services, LLC (License #0H52337). Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Kestra IS is not affiliated with Equias Alliance LLC, NFP Corp., or any other entity listed herein. Kestra IS does not provide tax or legal advice and is not a Certified Public Accounting (CPA) firm. Not all persons listed on this website are registered with or offer securities through Kestra IS. Only appropriately licensed individuals can offer securities through Kestra IS.

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact our Compliance department at 844-5-KESTRA (844-553-7872).

Any web site links referenced are being provided strictly as a courtesy. Neither us, nor Kestra IS or Kestra AS are liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of the links provided.

Equias Privacy Policy

butten linkedin

Consultant Login

Copyright ©2018 Equias Alliance. All rights reserved.