Bank Owned Life Insurance

Bank Owned Life Insurance (BOLI)

Since 1998, Axios Advisory Group has offered services such as Bank Owned Life Insurance (BOLI) to banks and credit unions. Banks have used BOLI since the 1980s, and it has since become a widely accepted vehicle to attract, reward, and retain key employees. You can also structure these plans to offset the ever-increasing cost of employee benefit programs.

We can work with you to both design and implement your plan, as well as administer it on your organization’s behalf. We'll guide you through all pre- and post-purchase analysis needed for your plan’s successful, ongoing maintenance.

Supplemental Executive Retirement Plan (SERP)

A SERP is a deferred compensation agreement between the company and the key executive which outlines an agreement to provide supplemental retirement income to the executive and his family if they meet certain conditions. You can fund your plan through cash flows, investment funds, or cash-value life insurance. We will work with you to identify which route best suits your needs and help you implement and maintain the SERP with careful attention to your unique goals.

Director Fee Continuation Plan (DFCP)

A supplemental DFCP is a deferred compensation agreement between your company and the directors. With this plan, your organization agrees to provide supplemental retirement income to the director and his family if the director meets certain pre-agreed eligibility and vesting conditions. You can fund the plan using cash flows, investment funds, or cash-value life insurance.

We can work with you to identify exactly how you need to structure your DFCP, as well as how to manage any potential tax liabilities that could occur when benefits pay out. As your dedicated partner, we’ll help you oversee this strategy and maintain your plan so it remains relevant to your organization’s needs and financial goals.