The cost of employee benefits programs continues to rise at a staggering rate. In order to offset these costs, banks across the country are purchasing bank-owned life insurance (BOLI) policies. Banks use these policies to take advantage of tax deferred cash value growth. Banks also use BOLI to offset the financial loss involved with the death of a key employee. The professionals at Savage & Associates can work with you to determine if a BOLI will be the financing tool you are seeking. We are truly an independent company and we can find what is truly best for our clients.
Our financial advisors can also provide an independent review of BOLI service providers to find a provider that will work best for you. We can perform a comprehensive review of your current BOLI holdings and form a strategy for enhancing the yield on your BOLI assets. The professionals at Savage & Associates can perform an unbiased and independent review of your BOLI portfolio to reduce capital requirements and increase earning assets.
Call 419-475-8665 or fill out our on-line request form for more information or to schedule an exploratory appointment with our experienced professionals at Savage & Associates.