Bank Owned Life Insurance

Take advantage of UMB’s Bank Owned Life Insurance (BOLI), a single premium insurance policy* issued on bank officers that performs like a tax-free investment. Each premium dollar invested results in immediate cash value that grows tax-deferred based on market interest rates. The bank owns the policies. The additional income from BOLI can then be used to establish new executive benefit plans that will help attract, retain and reward key employees.

If you currently have BOLI, but have not recently reviewed, now may be a good time!

For additional information or a free analysis to see if bank owned life insurance (BOLI) is a fit for you, please contact:

Peter Menihan
EVP, Advanced Insurance
UMB Insurance, Inc.
peter.menihan@umb.com

*Insurance products are provided by UMB Insurance, Inc., a licensed insurance agency and a subsidiary of UMB Bank, n.a. but a separate company from the Bank.  Variable insurance products are available through UMB Financial Services, Inc., Member FINRA‡, SIPC‡.

Investment and Bank Life Insurance products are:

Not A Deposit • Not FDIC Insured
Not Insured by Any Federal or State Government Agency
Not Guaranteed by the Bank • May Go Down In Value