Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC. BOLI is a form of life insurance policy bought by banks on ...

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 ...

Recent increases in market interest rates are leading some banks to consider surrendering their bank-owned life insurance to reinvest the proceeds (net of a tax charge) in a new BOLI policy with a ...

UniCredit has introduced Premium One, its inaugural life insurance product designed, issued and overseen by internal teams.