2019 Compilation of Nonqualified Benefit Plans The goal of this study is to provide useful information to the banking community and to reflect common market practices pertaining to Nonqualified Benefit… Read more »
WHITEPAPER: Group Term Life Insurance Carve-Out Plans
Employer-sponsored life insurance has traditionally played an important role in an executive’s pre-retirement planning for family and financial obligations. Many view the group life insurance plans as a large part… Read more »
Common BOLI Objections
Bank-owned life insurance (BOLI) is not new. In fact, most of the nation’s largest banks, as well of thousands of community banks, have purchased BOLI – a life insurance policy… Read more »
Something our Kids Don’t Learn in School – How to Secure their Finances
Proud moms and dads across the country spend millions of dollars every year on their children’s education, beginning with private grade schools and continuing to Ivy League graduate programs. One… Read more »
Estate Planning is Ever-Changing
Amy Vos – Case Coordination and Support Estate planning is changing as tax laws are changing. Factors that impact the decision to use a lifetime gift or include as an… Read more »
The Latest on Retirement
Lindsey M. Bessy, ALMI, CLTC, MBA, CLU, CASL – Financial Advisor The idea of retiring at age 65 might be a trend of the past according to recent surveys such… Read more »
Permanent Life Insurance: Policy Loans Provide a Living Benefit
Dylan Habeeb- Products and Case Design The words “life insurance” are generally associated with funds available at death. While this is true, there are also benefits to permanent life insurance… Read more »
BOLI / COLI Case Study: Supports the Bank and its Community
Background: The bank initially purchased BOLI on a few of its executives and directors to informally finance the cost of deferred compensation plans. Later, the bank decided to purchase additional… Read more »
Are Nonqualified Defined Benefit Plans (SERPs) Still Relevant?
Dylan Habeeb – Presentation and Case Design Specialist The current problem facing Defined Benefit Plans (both Qualified and Nonqualified) in the corporate market: It is estimated that 93% of Qualified… Read more »
BOLI / COLI Case Study: Supports Business Succession and the Executive’s Family
Background: The bank implemented a Salary Continuation Plan as a way to reward and retain certain key executives. The Bank purchased BOLI as way to informally finance this benefit plan… Read more »