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Podcast: The Money Advantage Podcast
Episode: What Is Bank-Owned Life Insurance (BOLI)? Understanding Institutional Wealth Strategies
Description: Why do top banks own billions of dollars of cash-value life insurance, if Dave Ramsey and Suze Orman say it's such a bad idea?
Today, we're looking into bank financials at a little-known, highly desirable asset banks use as a Tier 1 Capital Asset to increase their financial strength. We're talking about bank-owned life insurance, or BOLI.
https://youtu.be/7gqAiiHQLXI
We’re going to lay to rest the fallacy that this type of insurance is such a terrible investment, and explain exactly why the most successful financial institutions in the world are pouring billions into it.
So, if you want to...