Business-Owned Life Insurance (BOLI) is a great option to offer your business clients. This approach goes beyond standard life insurance and provides some unique perks. Businesses can take out life insurance policies on their key employees or executives, which helps keep them financially stable if something unexpected happens.

BOLI can also be used for funding buy-sell agreements, covering key employees, or boosting executive compensation packages. For agents, promoting BOLI shows you’re not just in the business of selling policies—you’re helping businesses think ahead and plan for the future.

Plus, there are some tax benefits. The death benefits are usually tax-free, and the cash value in the policy can grow tax deferred. Businesses can strengthen their financial security by supplementing retirement plans for top executives or balancing out liabilities.

Businesses that incorporate BOLI into their financial strategies can protect their most important assets: their people. For agents, it’s a chance to offer more options and build lasting relationships that help clients protect their businesses and plan for their futures.

Consider BOLI as a solid solution to help your business clients safeguard their finances while growing their business.