Why Do Banks Own So Much Life Insurance?

Bank-owned life insurance, or BOLI, is a great example of the benefit of having investment grade insurance contracts as part of your investment portfolio. If the institutions handling your money are pouring billions of dollars into it, there’s gotta be something to it, right?

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Zachariah Parry
Taxes and Life Insurance Contracts

Did you know that life insurance contracts are given special treatment in the tax code? That not only are they creditor protected, but they receive favorable tax status by the IRS? In fact, you can use a life insurance contract as a vehicle to invest in anything, tax free.

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Zachariah Parry