Pub. 3 2013-2014 Issue 2

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S September • October 2013 15 BOLI is Becoming an Increasingly Attractive Option for Banks B ank-owned life insurance (BOLI) has been available in themarketplace for over 30 years now. And yet, industry studies show that year after year, the number of banks and savings associations holding BOLI and the amount of BOLI assets held by such institutions continues to increase. Industry Studies Each year, IBIS Associates, Inc., an indepen - dent market research firm located in McLean, Virginia, publishes a report analyzing BOLI sales based on information obtained from the insurance companies that market BOLI prod - ucts. According to the IBIS Associates BOLI Report for 2013: • Life insurance companies reported that “As financial institutions anticipate the CFPB’s final overdraft program ruling, there are steps that can be taken now to ensure that your overdraft processes and procedures are compliant.” FEATURE ARTICLE Ken Derks Managing Director Equias Alliance  BOLI  continued on page 16