Benefits Law Journal
Should banks' investment menus continue to feature BOLIs in light of the 2023 crisis? Part II
31 December 2023
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.