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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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WHAT IS BANK OWNED LIFE INSURANCE OR BOLI?

BOLI stands for Bank Owned Life Insurance. This is a form of life insurance policy where the bank is the beneficiary and sometimes also the policy owner. This type of insurance provides a tax shelter for the bank and a way to provide employee benefits tax-free.

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