Corporate-owned life insurance
id:
corporate-owned-life-insurance-232-7804199
title:
Corporate-owned life insurance
text:
Corporate-owned life insurance (COLI), is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families. Other names for the practice include janitor's insurance and dead peasants insurance. When the employer is a bank, the insurance is known as a bank owned life insurance (BOLI). COLI was originally purchased on the lives of key employees and executives by a company to hedge against the financial cost of los
brand slug:
wiki
category slug:
encyclopedia
description:
Life insurance policies taken out by workers' employers
original url:
https://en.wikipedia.org/wiki/Corporate-owned_life_insurance
date created:
date modified:
2024-03-30T21:11:55Z
main entity:
{"identifier":"Q5172389","url":"https://www.wikidata.org/entity/Q5172389"}
image:
fields total:
13
integrity:
14