Corporate owned and bank owned life insurance
We offer funding solutions for non-qualified executive benefit plans. Our customizable products are most suitable for banks and corporations looking to attract, retain and reward their executive talent. The chart below will help you determine which one of our leading edge products may be right for clients.
| Market | Corporate Owned Life Insurance (COLI) (fixed and variable) |
Bank Owned Life Insurance (BOLI) (fixed) |
|---|---|---|
| Banks | X | |
| Healthcare | X | |
| Corporate | X | |
| Education | X | |
| Governmental | X | |
| Others | X | |
| Non-Profit | X |
Product Offerings
Our customized products and leading-edge riders fund nonqualified executive benefit plans to help businesses attract and retain key leaders in the corporate and bank markets. The policies offer financial protection through a death benefit with the potential for cash value growth.
Corporate Owned Life Insurance (COLI)
- Lincoln Corporate ExecSM Variable Universal Life — This registered variable universal life insurance product is most efficient in flexible premium, non-MEC case designs and is excellent as an informal funding vehicle for many non-qualified executive benefit plans.
- Lincoln PremierSM Private Placement Variable Universal Life — A customized private placement solution for complex corporate-owned life insurance cases. Provides corporate clients with the traditional advantages of insurance coupled with unique investment options. Options include customized, nonregistered variable life insurance that allows investing in a wide array of alternative investment vehicles.1
Bank Owned Life Insurance (BOLI)
- Lincoln PremierSM BOLI Universal Life — Lincoln Financial's general account BOLI product is designed to informally fund bank benefit plan liabilities. The product charges only for mortality and credits a new-money based interest rate. It is typically sold on a single-pay basis.
- Lincoln PremierSM Private Placement Variable Universal Life — Lincoln Financial offers customized private placement solutions for complex bank-owned life insurance cases. Options include customized, nonregistered variable life insurance that invests in bank-eligible instruments.1
1Private Placement products are only offered to qualified purchasers. Any offering must be preceded or accompanied by a Private Placement Memorandum. There can be no general solicitations or advertising with respect to these types of products. Prospectuses for the underlying funds chosen accompany the Private Placement Memorandum and should be read carefully before investing. For a current prospectus, please call 877-533-0117.
Issuers: The Lincoln National Life Insurance Company, Fort Wayne, IN
The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.
All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer. Products, riders and features are subject to state availability. The insurance policy and riders have limitations, exclusions, and/or reductions. Check state availability.
Distributor: Lincoln Financial Distributors, Inc., a broker-dealer
Policies:
Lincoln PremierSM BOLI Universal Life policy form ICC19-ULBOLI945 and state variations.
Lincoln Corporate ExecSM Variable Universal Life policy form ICC19-LCEVUL943 and state variations.
Lincoln PremierSM Private Placement Variable Universal Life policy form ICC18-PPVUL942 and state variations.
Variable products: Policy values will fluctuate and are subject to market risk and to possible loss of principal.
Carefully consider the investment objectives, risks, and charges and expenses of the policy and its underlying investment options. This and other important information can be found in the prospectus for the variable universal life policy and the prospectus for the underlying investment options. Prospectuses are available upon request and should be read carefully before investing or sending money. For current prospectuses, please call 877-533-0117.
Not available in the state of New York.
In New York, Lincoln LifeElements® One-year Term and Lincoln LifeElements® Level Term (10-year) will only be available for contractual obligations. Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide estate, tax, accounting, or legal advice. Please consult an independent professional as to any tax, accounting, or legal statements made herein.
It is possible coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.