VIDEO: Choosing an Insurance Carrier for BOLI

Choosing an Insurance Carrier for BOLI

EBN’s approach in recommending BOLI is to make sure our clients understand the carrier and product they are investing in.  When selecting the best insurance carrier to underwrite the BOLI, it is important for the bank to look at highly rated insurance companies with the strongest credit ratings from each of the four major rating agencies.  It’s also important to ensure a carrier has a current commitment to the BOLI market.