Bank or Credit Union Owned Life Insurance (BOLI/CUOLI)

Bank/Credit Union owned Life Insurance

BOLI is a unique life insurance product utilized by banks to enhance their balance sheet for many years. It has recently also been made available to Credit Unions. BOLI enables a financial institution to reposition up to 25% of their tier 1 capital or net worth into a much higher yielding asset than is otherwise available. The increased yields are designed to offset employee benefit expenses and enhance retirement programs for key executives. Hubbard Bert, Inc. along with our administrator will work closely with your financial institution every step of the way to design a BOLI program that is right for you and compliant now and into the future.