Articles
Life Insurance
Below are articles that provide insight into an employer’s purchase of life insurance on an executive and how to properly comply with applicable regulations.
Bank-Owned Life Insurance
Bank-Owned Life Insurance: A Primer for Community BanksBank-Owned Life Insurance: A Primer for Community Banks
BASEL III - Effects on BOLIBASEL III - Effects on BOLI
BASEL III Frequently Asked QuestionsBASEL III Frequently Asked Questions
Final Volcker Rule Preserves Exception for Bank Owned Life InsuranceFinal Volcker Rule Preserves Exception for Bank Owned Life Insurance
Impact of Basel III on Community BanksImpact of Basel III on Community Banks
Insurance Carriers: Analyzing Credit RiskInsurance Carriers: Analyzing Credit Risk
Section 101(j)
Reminder That COLI is Subject to Notice and Consent and Annual Filing Requirements - Code sections 101(j) and 6039IReminder That COLI is Subject to Notice and Consent and Annual Filing Requirements - Code sections 101(j) and 6039I
Section 101(j) ReviewSection 101(j) Review
Miscellaneous
Exchange of Corporate-Owned Life Insurance Policies For Individual Policies Will Be Tax-Free Under IRC §1035Exchange of Corporate-Owned Life Insurance Policies For Individual Policies Will Be Tax-Free Under IRC §1035
Modified Endowment Contract (MEC) Aggregation RulesModified Endowment Contract (MEC) Aggregation Rules
Split Dollar Under the Final 409A RegulationsSplit Dollar Under the Final 409A Regulations
Tax Cuts and Jobs Act of 2017: Transfer for Value Rule Impact on Employer Owned Life InsuranceTax Cuts and Jobs Act of 2017: Transfer for Value Rule Impact on Employer Owned Life Insurance
Impact of the Treasury Department's Final Regulations on Reportable Policy Sales on COLI/BOLI MarketplaceImpact of the Treasury Department's Final Regulations on Reportable Policy Sales on COLI/BOLI Marketplace
IRC 6050Y Information Reporting Requirements for Reportable Policy SalesIRC 6050Y Information Reporting Requirements for Reportable Policy Sales