SERVICES
BOLI is widely accepted throughout the banking industry.
Many of the largest banks, thrifts, and community banks have successfully implemented BOLI programs.
Performance Management
Executive Incentive Compensation
Executive Compensation Review
Organizational Diagnostic Review
Staff Incentive Plans
Other Services
Bank-Owned Life Insurance (BOLI)
Bank-Owned Life Insurance (BOLI) is used to finance employee benefit plan expenses. It may be used to offset medical, group life, and other ERISA benefits, as well as qualified retirement plan benefits. BOLI is very useful at recovering the cost of supplemental (nonqualified) benefits such as executive deferred compensation and SERP benefits.
BOLI is widely accepted throughout the banking industry. Many of the largest banks, thrifts, and community banks have successfully implemented BOLI programs.
The Watson Company can provide assistance in selecting your right choice for Bank-Owned Life Insurance (BOLI).