“We have had BOLI for 25+ years at the State Bank of Toulon. I have been directly involved for the last 10 of those years having it in my benefit plan. Since talking with Phil Aderton at the 2016 CBAI Director’s Conference, I have talked more to the IZALE representatives than our previous BOLI provider. Why? Because our previous provider made most of their information self-service, i.e. available on their web portal but not from an actual live person. To work with the IZALE team – Phil, Scott and Jeff – is like working with people right here in my office. Phil even comes to my bank to see me!

Scott Richardson presented at our board meeting and modified the design of our original BOLI program. We did not fully know, or completely understand, before IZALE the true advantages of BOLI. The IZALE Team spent time explaining what we purchased so it gave us confidence that what we got was right for us. Personally, I better understand my benefit plan. Even better yet, my executive staff fully understands what they have too!​

In 1990 I decided it was time to start and own a company, it was my big goal since graduating from the University of Missouri. The plan was to build this business up - and sell it for millions and then retire to the tropics! My partners and I decided on purchasing the franchise rights of a Voice Mail Service Bureau and off we went.
 
Statics say that only 20% of private companies are sold. That means 80% just slowly die as the owner gets old and/or just tosses in the towel. Therefore, I encourage my business owner clients to not count on selling their business to fund their retirement as I have personally experienced the flaws in that strategy. (Details only provided by request ; ). Does this sound familiar? I've worked with plenty of people who have the same game plan. If I can help any business owner avoid that risk, I do!
 
Professional Retirement Strategies (PRS) was launched in 2004 through the series of partnerships and innovative expertise. By taking some cues from what huge public companies do to fund their Executive's Retirement Plans, PRS has developed a strategy to allow small business owners, the majority of your clients, to exit their business and fund their retirement. At the same time, it mitigates the risks your institution has with your client.