Bank-owned life insurance at record levels
Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.
Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.
BOLI is a form of life insurance policy bought by banks on its directors or officers.
The bank is the beneficiary of the policy and all premiums are tax-free
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