While the intensity of last spring’s banking crisis may have lessened, many economic pundits remain concerned. This article is the second in a series that provides information readers will need to determine whether bank-owned life insurance (BOLI) is right for their bank. First published in Benefits Law Journal, the piece provides the following background and analysis:
- Where is BOLI
- Who are the “insureds” under BOLI?
- What are other rules and regulations banks must consider
- How the insurance is implemented and used
- Why banks buy it
- Summaries of pros and cons
Read the earlier article here.