Bank Owned Life Insurance (BOLI) | What Is It

Bank Owned Life Insurance (BOLI) | What Is It? In this video, Chris talks about Bank Owned Life Insurance and how you can do what the bank does to create financial stability and opportunity in your own personal finances.

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📖 Chapter Timestamps Here ⏰
0:00 Intro to Bank Owned Life Insurance (BOLI)
0:48 Where do you store your capital?
1:45 Why Do Banks Own Life Insurance?
3:25 Banks Keep Their Capital Reserves In Life Insurance
3:50 You Can't Use Any Type of Life Insurance
5:00 Banks Rely On Life Insurance for Stability
5:40 Why The Banks Don't Want You To Know About This
6:15 Take Control of the Banking Function In Your Life

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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:

How To Properly Structure A Whole Life Policy
   • How to Properly Structure a Whole Lif...  

Indexed Universal Life vs Whole Life - Which is Better
   • Indexed Universal Life (IUL) vs Whole...  

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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.

So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.

Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.

https://www.LIFE180.com

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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.

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