Corporate-Owned Life Insurance (COLI)
Improve Your Hedging Strategy with COLI
A well-planned COLI program can be very effective in offsetting the cost of offering a nonqualified benefit plan. Newport, an Ascensus company, collaborates with top insurance companies to offer a wide range of institutional insurance products that suit our clients' particular needs.
Using technology for a better client experience
We have a comprehensive platform designed to provide clients with a full range of services to help them optimize their COLI program and improve their hedging strategies. Advisors and clients can rely on our COLI professionals, consisting of 100+ specialists, to provide expertise throughout the entire COLI lifecycle.
BENEFITS
Pricing and underwriting negotiations
Fund and product selection
Pre-purchase due diligence
Implementation
Monthly reporting
Regulatory compliance
Death claim sweeps and processing
Why COLI?
COLI is a type of life insurance where the employer (or grantor trust) buys, owns, and is the beneficiary of the policies. This type of life insurance is a tax-efficient method for the company to help offset the costs of nonqualified plan benefits.
Benefits of COLI include:
Tax-advantaged cash value accumulation
Broad asset class/manager investment options
Tax-free withdrawals and loans
Institutional pricing
Tax-free death benefits
Guarantee issue underwriting
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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.
NGI and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended nor should it be used as an opinion or relied upon for tax, legal or accounting matters. You should consult your own tax, legal and accounting advisors before making any investment decisions and applying the information provided in this report.
Let’s Connect
Advisors and clients can rely on our COLI team to provide expertise throughout the entire COLI lifecycle, including pre-purchase due diligence, product selection, implementation, administrative reporting, regulatory compliance, and death claim sweeps and processing.
Once you submit the form, a representative from our team will contact you within one business day.