I get the privilege of traveling across the country every week calling on the great people in community banking. I have started to notice a direct correlation to the banks… Read more »
Is Personal Communication Dead?
In today’s world of constant pressure for our time and attention has personal communication lost its value? There are over 380 influence attempts daily for the average person. It starts… Read more »
Banks Saving Tons of Money with this Idea
Most banks pay up to eight weeks of maternity benefit at 100% of salary. If the bank has a large female employee pool it might make sense to spread the… Read more »
Multiple Uses of Deferred Compensation Plans
With the improving economy, key employees that had been limited in other employment opportunities and resistant to look for new jobs are now willing to explore possible employment changes. Employers… Read more »
Guaranteed Issue for BOLI / COLI and Nonqualified Deferred Compensation Plans
Lisa Oddis- BOLI / COLI Underwriting Guaranteed Issue underwriting for BOLI and COLI is a desirable type of insurance underwriting for banks and corporations. It is simple and does not… Read more »
Designing a Customized Benefit Plan
The design features of an executive benefit plan can help drive bottom line performance and retention. Each person is different, and each person has a different idea as to what… Read more »
The Many Benefits of Corporate and Bank Owned Life Insurance (COLI / BOLI)
Companies use Corporate and Bank Owned Life Insurance (COLI / BOLI) to help fund their employee benefit plans, increase earnings and shareholder value as well as recruit, reward and retain… Read more »
The Importance of Communication in Succession Planning
Lindsey M. Bessy, ALMI, CLTC, MBA, CLU, CASL- Financial Advisor We recently talked with a client who was facing a more common problem with succession planning than one may think…. Read more »
Putting the Freeze on Fees
Martha Petitjean – Executive Benefits Coordinator Executive Benefits Network provides fee-free access to client’s financial information, including illustrations and annual reports. This is not the case with most companies. As… Read more »
BOLI / COLI Case Study: Supports the Bank and its Community
Background: The bank initially purchased BOLI on a few of its executives and directors to informally finance the cost of deferred compensation plans. Later, the bank decided to purchase additional… Read more »