Equias Alliance/Michael White 2013 BOLI Holdings Report Results Released
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The study examined BOLI holdings from a number of different perspectives including type of institution, type of product used and size of institution. The findings are based on a review of
The report showed that BOLI assets reached
Variable separate account plans continue to represent the largest portion of BOLI assets at 49.0% as of the end of 2013 despite the fact that this plan type continues to be used by the fewest number of banks (597 banks). The reason for this seeming disparity is that variable separate account BOLI is used by many of the largest banks in the U.S. that invest a sizable amount of funds in this product.
The type of plan most widely held by banks last year was general account with 93.4%. The assets in this plan type are backed by the general assets of the insurance company. Hybrid separate account plans, which combine features of both a variable separate account and general account, were the fastest growing plan type in 2013 with a 10.3% increase from 1,077 banks in 2012 to 1,188 banks in 2013.
When asked which plan type he expected to be the most attractive to banks purchasing BOLI in 2014,
To view a summary of all the key findings of The BOLI Holdings Report, please visit the
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