17 Nov 2010 @ 9:48 AM 

Cash Value Life Insur­ance: A Cor­ner­stone Asset Of a Bank

By Barry Dyke Novem­ber 24, 2008 Cash value life insur­ance is one of the most impor­tant assets of a bank, par­tic­u­larly America’s large banks. Banks pur­chase so much cash value life insur­ance that life insur­ance of this type has its own name BOLI (bank-owned-life-insurance). Banks own so much BOLI that the banks could be con­sid­ered life insur­ance com­pa­nies unto them­selves. Accord­ing to the Fed­eral Deposit Insur­ance Cor­po­ra­tion (FDIC) and the Gen­eral Account­ing Office (GAO), BOLI is a cor­ner­stone of a bank and one most impor­tant assets in the nation’s bank­ing and finan­cial systems.

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