You may have heard the term BOLI before, but what is Bank–Owned Life Insurance? How can it benefit your bank?
In this insightful video, Charlie Hicks of Meyer-Chatfield explains what BOLI is, how it works and breaks down the ins and outs of this investment product.
- What is BOLI?
- What are the benefits of BOLI?
- How does BOLI work?
- Is there information on how the tax-free status of BOLI will be impacted by BASEL III?