Company-Owned Life Insurance (COLI)
Contents
Unveiling Company-Owned Life Insurance (COLI): A Comprehensive Guide
Deciphering Company-Owned Life Insurance (COLI)
Explore the intricacies of company-owned life insurance (COLI), also known as corporate-owned life insurance, unraveling its purpose, benefits, and regulatory requirements within the corporate landscape.
Understanding the Mechanics of COLI
Delve into the mechanisms of COLI policies, discovering how companies utilize them to mitigate tax liabilities, enhance financial stability, and address the challenges associated with the loss of key personnel.
Navigating the Regulatory Framework of COLI
Examine the regulatory framework governing COLI policies, including IRS requirements for tax-free death benefits, employee consent, and the criteria for purchasing policies on top-ranking employees.
Tracing the Evolution of Company-Owned Life Insurance
Trace the historical trajectory of COLI from its inception as a means to insure key executives to its widespread adoption and subsequent regulatory scrutiny, highlighting key legislative milestones and industry practices.