Corporate-Owned Life Insurance (COLI) is a tool used by businesses to help offset nonqualified deferred compensation plan expenses and to help them recruit, retain and reward key executives. COLI can help the business shield itself against unneeded risk.
By utilizing COLI, the business can accumulate a cash value asset on a tax-deferred basis and receive tax-free death benefit proceeds. Benefits can be provided to employees and executives.
BCC offers products from a number of top-rated carriers. Each client situation is considered individually and recommendations are made after a careful analysis.