Market volatility can create uncertainty. Read about three key considerations for managing your retirement plan during turbulent times, providing valuable insights and strategies to maintain your long-term financial goals.

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.

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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
  • Tax-free withdrawals and loans
  • Tax-free death benefits
  • Broad asset class/manager investment options
  • Institutional pricing
  • 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.

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