Products & Services
Bank-Owned Life Insurance (BOLI) Services
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| Want more information on this or any of our WIB Endorsed Programs? Click here to complete an online request form, or call Bill Zent, WIB vice president of member relations, at (858) 270-9404. |
Overview
EBS specializes in the placement and service of Bank Owned
Life Insurance (BOLI) programs. These
programs utilize BOLI to finance existing employee benefits, as well as to
informally fund new or existing nonqualified executive benefit plans. EBS offers
implementation and plan design services as well as administrative services.
If you have BOLI now and need or want to consider a new service provider,
EBS can assist you with compliance and reports essential for your bank, board
and regulators.
Beginning business in 1998, EBS has implemented well over
200 BOLI transactions with clients in 34 states. Since its inception, EBS has
upheld a record of 100 percent client retention. EBS has offices in San Francisco and San Diego to serve
clients in the West.
Why WIB Selected EBS as an Endorsed Provider
Following consultation with a premier BOLI insurance
consultant, analysis by a WIB Banker Advisory Committee and review by the WIB
Service Corporation Board, WIB selected EBS as the preferred BOLI provider
because it ranked #1 by the criteria WIB determined to be the most important for
community banks.
Given the fiduciary responsibilities of bank management and
board members, it is crucial that banks partner with experienced and qualified
professionals to service their Bank Owned Life Insurance (BOLI) programs and
Nonqualified Plans.
EBS’s commitment is to you, the client.
EBS’s perfect record of retention reflects the high level of success
achieved by its clients through working in collaboration with EBS’s team of
accomplished advisors and CPAs.
EBS provides comprehensive service through a group of
qualified professionals with specialized expertise in insurance and public
accounting. Each client is assigned a
specific service team with extensive back office support.
The professional designations held by members of the organization include
CPA, JD, CLU, MSFS, MBA, CFP, ChFC and others.
Under the guidance of EBS, billions of dollars of BOLI face
amount have been placed with the highest rated carriers offering institutional
pricing. Their informal funding solutions
are built on sound economic foundations and are conservatively structured from
both an investment and tax perspective.
WIB Member Benefit
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Complimentary, customized BOLI Assessment Report and Carrier Due Diligence Review Report
For More Information Contact:
Bill Zent
(858) 270-9404
bill@wib.org