For Individuals

  1. Home
  2. Knowledge Center
    3. October 2020

BOLI in the Age of COVID

Oct 26, 2021


The coronavirus pandemic has had a dramatic impact on companies across the nation, including financial institutions. How will your bank-owned life insurance (BOLI) program be affected by COVID-19 and the resulting economic uncertainty that we are experiencing?

This webinar from Newport's BOLI team highlighted how COVID-19 is specifically impacting:
 

  • Existing bank-owned life insurance (BOLI) programs

  • New BOLI purchases

  • BOLI carriers

This webinar also featured industry experts who shared their perspective on the latest tax and legislative issues that matter the most to financial institutions.

20201113-1370621-4287532

Articles

Topic Index

Topics

Resources and Publications

None

BOLI in the Age of COVID

The coronavirus pandemic has had a dramatic impact on companies across the nation, including financial institutions. Watch now to learn how COVID-19 is specifically impacting existing BOLI programs, new BOLI purchases and more.

Case Studies

Case Study: Small Pay Adjustments Lead to Big Impacts

Newport assisted a client with assessing the competitiveness of current Board Director compensation levels as compared to market. Newport also performed an analysis of the Board’s strategic support capabilities.

Articles

A Financial Wellness Program Can Increase Productivity and Retirement Readiness

Employers may want to explore offering a financial wellness program regardless of the size of their workforce or the average levels of compensation paid to employees. Most employees can benefit from education and assistance with financial planning associated with life events, such as paying for higher education, buying a home, caring for an elderly relative, and saving for retirement – even if they are not financially stressed.
 
More

Copyright © 2015-2021 Newport Group, Inc.  All rights reserved.
Unauthorized access is prohibited. This site is designed for U.S. residents only.

Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.
Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser and wholly owned subsidiary of Newport Group, Inc.
Securities are offered through Newport Group Securities, Inc., a dually registered investment advisor and broker dealer, member FINRA and affiliate of Newport Group, Inc. Securities in California are offered under the Newport Securities Insurance Services. See BrokerCheck for more information. Other insurance products may be offered by Newport Group, Inc.
For more information about Newport Group Consulting and its services, please refer to our Form ADV Part 2A.
Newport Trust Company, is a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.