End-to-end comprehensive BOLI platform
Newport, an Ascensus company, provides clients with a full range of services to help them optimize their BOLI program. Our BOLI team consists of 75+ professionals who manage over $63 billion of BOLI cash value and more than 219,000 policies issued by some of the top life insurance companies in the country.* Advisors and clients can rely on our team to provide expertise throughout the entire BOLI lifecycle, which includes pre-purchase due diligence, product selection, implementation, administrative reporting, regulatory compliance, and death claim sweeps and processing.
Benefits
- Personal, loyal relationships that include a dedicated relationship manager and 24/7 online access
- Complete outsourcing solution, allowing clients to focus on their primary business
- Close collaboration—from the initial purchase of BOLI through the ultimate maturity of the asset—to help assure that the BOLI program is being managed to help meet each bank’s needs
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*Based on cash surrender value, as of December 31, 2023
Securities related insurance products are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Non-securities related insurance products may be offered through Newport Group, Inc. For more information, please visit – www.ascensus.com.