Products & Services

Bank-Owned Life Insurance (BOLI) Services


View a complimentary webinar highlighting some of EBS's services

Utilizing BOLI to Increase Earnings and Recover Benefit Expenses
Download Complimentary Playback File

 

Want more information on any of our WIB Endorsed Programs? Contact Betty House, Senior Vice President, Product Development/CTO, at betty@wib.org or (415) 352-3222.

 

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.

EBSís commitment is to you, the client.  EBSís perfect record of retention reflects the high level of success achieved by its clients through working in collaboration with EBSís 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

  • Complimentary, customized BOLI Assessment Report and Carrier Due Diligence Review Report

For More Information Contact:

Betty House
Senior Vice President, Product Development/CTO
betty@wib.org
(415) 352-3222