bank advisors

At Newcleus, we bring a superior knowledge base, coupled with the intellectual capital, to advise your organization on alternative funding opportunities that reallocate capital to higher-yielding investments, like bank‑owned life insurance (BOLI).

Bringing double the benefit, BOLI provides tax‑advantaged income to the institution at rates higher than are normally realized through traditional investments, while also being available to enhance benefit options for the top‑tier executive talent.

Often misunderstood, BOLI, as a non‑qualified plan, is an effective tool that offsets the expenses associated with providing competitive executive benefits necessary in today’s aggressive job market.

Once the bank purchases life insurance on its key employees, BOLI premium payments are made by the bank, which owns the policy and is typically the beneficiary of all, or a portion of, the policy death benefits.

Because government regulation limits the funds your highest‑paid employees can contribute to their tax‑deferred retirement plans, deferred compensation provides an affordable, non‑qualified solution that allows your executives to supplement their retirement income.

With an executive’s deferred compensation dependent on the long‑term success of the bank, a mutually beneficial reliance is formed incentivizing a commitment until retirement.

Newcleus can partner with you to develop the most expeditious plan that meets your recruitment and retainment needs and will be there as support from inception through the life of the plan.