Newport, an Ascensus company, provides ICOLI diagnostics that assess the key elements needed to structure, implement, and sustain an effective ICOLI program.
We use the data collected from ICOLI diagnostics, along with your current goals and objectives, to advise you on the optimal strategy for your company’s ICOLI program.
Our complete suite of insurance services are designed to reduce the burden on your organization.
Benefits
Comprehensive product evaluations and recommendations to help you choose the right asset classes and managers
Thorough documentation of specific actions and risks that regulators need to be aware of before implementing an ICOLI program
Program implementation timelines
Accounting and financial reporting
Ongoing reporting to help you meet your continuing regulatory requirements
Policy owner services and annual plan review
ICOLI is a form of life insurance where the insurance company buys, owns, and is the beneficiary of policies on the lives of select senior management employees. It is typically paid with one lump sum payment and is a tax-efficient investment vehicle to help offset the expenses of employee benefit plans.
ICOLI earnings are based on a diversified investment portfolio managed by the life insurance carrier or an outside investment manager. Many life, health, and property and casualty (P&C) companies use ICOLI to help achieve a more diversified investment portfolio and comply with their surplus investment policy guidelines.
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.
