BANK-OWNED LIFE INSURANCE (BOLI)
BOLI has historically and traditionally been offered and viewed as a stand-alone or isolated product ignoring its proper place, fit, and impact within the broader context of the entire balance sheet and/or strategic plan. Capital, liquidity, and other important considerations should not be overlooked when evaluating BOLI. Consistent with Ambassador’s holistic approach to providing balance sheet advisory and solutions, we will analyze all of these factors so a well-informed decision can be made. We encourage you to have our team assess your current BOLI and related benefit needs.
BOLI and related Services and Capabilities include:
Education, design, and implementation of BOLI plans
Analysis of current BOLI plans
Optimization and restructuring of existing BOLI plans
Review of compliance and governance issues
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OCC 2004-56: Interagency Statement on the Purchase and Risk Management of BOLI
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Identification of any gaps or shortcomings
Strong carrier relationships and access
Executive Benefit and Non-Qualified Deferred Compensation Plan design, implementation, and administration
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SERPs
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Split-Dollar Life Insurance / Death Benefit Only plans
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Recruit, Reward, and Retain your best investment - People
Comprehensive Reporting and Administration of BOLI and related Benefit Plans
Exceptional level of customer service and satisfaction
Transparency of fees
Integrity at the Core of Our Values
Our corporate culture is based on trust, integrity, and doing what is in the best interest of our clients. To perpetuate that culture, we hire and train talented people who share our principles and are committed to following the Chartered Financial Analyst Code of Ethics.
