Bank Owned Life Insurance (BOLI)

Optimize Your BOLI Program

Newport, an Ascensus company, provides an end-to-end platform that helps many of the country’s largest BOLI holders build and maintain optimized BOLI programs.

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End-to-end comprehensive BOLI platform

Newport, an Ascensus company, provides clients with a full range of services to help them optimize their BOLI program. Our BOLI team consists of 75+ professionals who manage over $63 billion of BOLI cash value and more than 219,000 policies issued by some of the top life insurance companies in the country.* Advisors and clients can rely on our team to provide expertise throughout the entire BOLI lifecycle, which includes pre-purchase due diligence, product selection, implementation, administrative reporting, regulatory compliance, and death claim sweeps and processing.

Benefits

Personal, loyal relationships that include a dedicated relationship manager and 24/7 online access

Complete outsourcing solution, allowing clients to focus on their primary business

Close collaboration—from the initial purchase of BOLI through the ultimate maturity of the asset—to help assure that the BOLI program is being managed to help meet each bank’s needs

Why BOLI?

BOLI is a valuable and commonly used tool that banks of all sizes can utilize to offset rising costs of employee benefits programs. Additionally, BOLI is a strategic funding tool that can provides attractive returns through cash value growth and tax-advantaged insurance proceeds. A well-designed BOLI program can be financially beneficial, more efficient than other funding alternatives, and complies with sound banking practices.

Our full suite of BOLI services also includes:

Separate account investment analytics

Insurance company credit analysis

Expert insurance carrier and product analysis in all BOLI product types including general, hybrid, and separate accounts

Mortality adjusted program projections

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Business-Owned Insurance Services

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Corporate-Owned Life Insurance

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*Based on cash surrender value, as of December 31, 2023

Securities related insurance products are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Non-securities related insurance products may be offered through Newport Group, Inc. For more information, please visit – www.ascensus.com.