Bankers’ ExecuChoice™

The Bankers’ ExecuChoice™ program provides a means of addressing challenges facing endorsement split dollar plans created by the changing economic and regulatory environment.

• Many banks have promises to current and former employees to provide Post Retirement Death Benefits through Endorsement Split Dollar Plans.
  • Banks must now record a liability for these plans under EITF 06-04 
  • Participants face escalating economic benefit costs/declining benefits as well as a concern over the security of the benefit  

• With the Bankers’ ExecuChoice™ program, BOLI Solutions Group (BSG) works with the bank to approach the participant and provide them with alternatives with the following characteristics:
  • Provide the bank with gain to earnings, a reduction in future expense accruals, and elimination of plan administration expenses, and
  • Provide the participant with an enhanced benefit, security, and planning flexibility tailored to their individual needs with no further annual out-of-pocket cost.