Bank-Owned Life Insurance (BOLI): An Overview - Newcleus
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Bank-Owned Life Insurance (BOLI): An Overview - Newcleus
Bank-Owned Life Insurance, more commonly referred to as BOLI, is a form of life insurance purchased by banks where the bank is the owner and beneficiary of the policy. There are various benefits when it comes to bank-owned life insurance, including that it enables banks to: Generate tax-advantaged income to offset and recover the costs […]
Jan 16, 2022
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