With over 40 years combined community bank experience, Hunt Financial Group helps bankers design and implement Bank Owned Life Insurance strategies that are designed to strengthen the balance sheet, enhance ROA and ROE, build retained earnings and increase shareholder value.
Cash value accumulations are tax deferred, and death proceeds are income tax free (if held to maturity). We help bankers and bank directors analyze the projected value created by Bank Owned Life Insurance and compare it to the current benefit expenses for employees.
When appropriate, we will illustrate the Bank Owned Life Insurance earnings required to offset/match the cost of providing new benefit programs for key officers and directors. Providing new supplemental benefit programs help retain, recruit and reward the bank management that drive profitability. After a detailed review of the proposal, we help communicate and gain approval of the strategy with the appropriate committee and the Board of Directors.
For our clients, we frequently review the performance of the Bank Owned Life Insurance strategies we implement. Proper compliance is critical, and in response to regulatory guidance, we align banks with an industry leading third party due diligence, compliance, and administration provider, The Pangburn Group.
The partners of HUNT FINANCIAL GROUP value every client relationship and work with diligence to be the very best in our industry. Contact us below or at 980.335.2285.