Principal John Gagnon discusses changes occurring in the Bank Owned Life Insurance market and shares which drivers he believes may be responsible for this increased activity, as well as how carriers are responding to BOLI momentum.
Addressing the Philosophical Objection of BOLI
The more pervasive objection to BOLI is philosophical in nature and generally relates to the discomfort of receiving death benefit payments on the lives of current or former employees. This creates a misconception that the bank is profiting on the death of an executive.
2022 BOLI State of the Union
How will BOLI react in a rising interest rate environment? At the start of 2021, banks faced several challenging economic conditions including declining net interest margins, lower asset yields, and excess liquidity.