Bank Owned Life Insurance (BOLI) has long been an attractive investment alternative for banks and credit unions. The often sizeable exposure to these products, however, along with heightened regulatory scrutiny, makes financial oversight of the carriers backing them indispensable.
This need for strong due diligence only increased with section 939A of the Dodd/Frank legislation, which mandates that banks no longer rely solely on rating agencies when vetting their BOLI products.
ALIRT has further developed its long-standing BOLI service to address these new 939A requirement for banks and the BOLI brokers serving them.
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