Insurance carriers’ appetite for new business varies considerably, making it difficult for banks to implement a BOLI plan featuring the most competitive terms and pricing. As your independent advisor, we apply 30 years of experience to drive a rigorous RFP process on your behalf. The result is access to several insurance carriers eager to earn your business based on merit.
The benefits of our well-honed, comprehensive process are demonstrated by the numerous industry-firsts we have achieved while placing $10 billion of aggregate premium, including cost savings and unsurpassed Representations, Warranties and Indemnifications (RWIs).
You can expect the highest quality representation from us for exploring a BOLI purchase, from carrier negotiations to plan implementation. We expertly manage the entire process for you.
Identify the specific risk of loss exposure or the specific benefit plan costs to hedge or be recovered.
Empirically analyze alternatives to BOLI that might achieve your goals.
Assist with the quantification of BOLI necessary to achieve targeted financing goals, including financial sensitivity analyses to assess long-term compliance and the relationship between BOLI plan performance and your benefit obligations.
Manage all aspects of screening and negotiating with carriers:
Prior to the issuance of any policy, provide financial projections of policy performance and potential impact of illiquidity based on current and guaranteed costs, a range of mortality experience, interest rate yields and unwind scenarios.
If you conclude that a BOLI plan is in your best interests: