It is estimated that 30 million workers, nearly one in five Americans, are subject to non-compete agreements, according to the Federal Trade Commission. Until recently, non-compete agreements have been a… Read more »
BOLI Yields in a Changing Rate Environment
2023 was an unprecedented year in banking with a sharp increase in interest rates being the lead story. Banks faced new dynamics in navigating the spreads between pricing loans and… Read more »
BOLI with Tight Liquidity
In this high interest rate environment, the yields on Bank Owned Life Insurance (BOLI) are still attractive. BOLI continues to be desirable and has remained competitive to other bank investments… Read more »
Safety and Soundness Review on BOLI
It is imperative that banks periodically conduct a thorough review of their Bank Owned Life Insurance (BOLI) holdings beyond the information typically provided in an Annual Review by an existing… Read more »
VIDEO: Are BOLI Yields Competitive?
David/Pat, BOLI Yields (canva.com) BOLI yields have remained competitive to other bank investments partly due to the tax-free build-up of BOLI earnings. The yields on BOLI products have been attractive, and… Read more »
Why Own Bank Owned Life Insurance (BOLI)?
Each year, there is an increasing amount of Bank Owned Life Insurance (BOLI) purchased in the United States. BOLI is life insurance owned by the bank and issued on the… Read more »
The Scoop on Section 7702 & How it Affects Life Insurance Values Going Forward
Internal Revenue Code (IRC) Section 7702 was implemented in 1984, Section 7702A in 1988, and up until recently had remained untouched. Section 7702 defines the requirements that must be met… Read more »
2021 COLA Numbers
The 2021 Cost of Living Adjustments for various qualified retirement plans and other amounts have recently been released by the Internal Revenue Service. The numbers have been updated based on IRS… Read more »
The Why for Business Life Insurance
How Life Insurance and Business Succession Go Hand in Hand Life insurance plays a significant part in an individual’s future and financial plan. Personal life insurance planning protects a family… Read more »
Whitepaper: Short-Term & Long-Term Incentive Plans
Nonqualified benefit plans are implemented to recruit, retain and reward key employees. Properly implemented plans motivate and reward employees to work towards common company goals while retaining employees with a… Read more »