While the intensity of 2022’s banking crisis may have lessened, many economic pundits remain concerned. Now may be a prime time for banks to proactively review their operations and investments, including bank-owned life insurance (BOLI). This article is the first in a series that will provide the ingredients readers will need to gather for a recipe to reveal whether BOLI is right for their bank. The article, first published in the Autumn 2023 issue of the Benefits Law Journal, covers the following background and analysis: 

• What is BOLI
• Three basic BOLI flavors: general, separate, and hybrid accounts
• Additional considerations

Read the follow-up article here.