What we do
For over twenty years, Corrigan & Company has worked with financial institutions in the highly specialized areas of Bank and Corporate-Owned Life insurance (BOLI/COLI). We design and administer programs that are customized to meet each of our client’s unique circumstances. Our firm focuses its efforts in the Western United States, where we are well-known in our target markets. Contact us for more information.
What is BOLI/COLI?
Bank-Owned Life Insurance (BOLI) or Corporate-Owned Life Insurance (COLI) is a life insurance policy designed to take advantage of the tax benefits of life insurance with specialized features that are suited to the regulatory environment and investment criteria unique to this market. BOLI/COLI creates a revenue source to offset current and projected employee benefit expenses.
- BOLI/COLI provides an attractive income stream that can be used to offset employee benefit expenses
- BOLI/COLI features can improve executive benefits
- BOLI/COLI earnings are tax-free