Improve earning with BOLI for Banks and Credit Unions.
Your most valuable asset is people, not bricks and mortar or even loans and deposits. That’s why it’s essential to have a balanced total compensation program. However, the costs associated with providing competitive benefits can have a major effect on the income statement and balance sheet. Bank Owned Life Insurance (BOLI) is an ideal tool for offsetting and recovering the costs associated with executive employee benefits. A well-designed BOLI program can even help you enhance benefits without adding to your bottom line.
As part of an overall asset/liability management strategy, BOLI can improve earnings and bring your balance sheet in line, giving your stakeholders the greatest value.
At IZALE, our expertise in bank owned life insurance goes beyond the basic, to a deeper level of understanding how macro trends affect BOLI, and how that, in turn, affects what’s right for your bank or credit union. That knowledge, combined with our access to a variety of carriers and products, allows us to provide customized planning and individualized service. And with tens of millions and dozens in BOLI placements, we have the experience that ensures the best result for your institution.
Strategic uses of BOLI
Asset Growth and Earnings:
No other asset can provide these benefits within the same structure, and the strategic uses are not mutually exclusive!
Common Objections - IZALE's Responses:
We don't want to profit from the death of an employee.
We don't like the long-term nature of the asset.
It's just another high-commissioned, permanent insurance product.
Contact us today to learn more about our BOLI devices or call us at 855-492-5334.
Bank-Owned Life Insurance (BOLI) Product Brief (pdf)
Business-Owned Life Insurance (BOLI) Product Brief (pdf)
Joint Case Opportunity
If you are a licensed agent and would like to cooperate, we do that at IZALE.
To find out how we can work together click below.