BOLI - the Latest Generation
October 10, 2006
by Ryan Shay
A division of Sun Life Financial Inc. has introduced BOLI that it says makes separately managed accounts available for the first time in this product to community and small regional banks! Shay Financial is proud to deliver this innovative design to our customers through our affiliate, Retirement System Group, Inc.
The Pooled Stable Value Option supplies stable-value protection through a selection of bank-eligible managed accounts for bank-owned life insurance (BOLI). This type of BOLI product had only been available to the very large institutions, cost considerations made it uneconomical for the smaller institutions.
Sun Life solved the economic problem by pooling the smaller institutions. Now, high-end investment products, including mortgage-backed securities strategy by Shay Assets Management and core fixed-income strategy by Goldman Sachs Asset Management, are accessible to the smaller institutions!
To learn more about this latest generation BOLI product please contact your Shay Financial Services, Inc. representative at 800-535-3879.
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