Corporate-Owned Life Insurance (COLI)

Improve Your Hedging Strategy with COLI

A well-planned COLI program can be very effective in offsetting the cost of offering a nonqualified benefit plan. Newport, an Ascensus company, collaborates with top insurance companies to offer a wide range of institutional insurance products that suit our clients' particular needs.

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Using technology for a better client experience

We have a comprehensive platform designed to provide clients with a full range of services to help them optimize their COLI program and improve their hedging strategies. Advisors and clients can rely on our COLI professionals, consisting of 100+ specialists, to provide expertise throughout the entire COLI lifecycle.

Benefits

  • Pricing and underwriting negotiations
  • Fund and product selection
  • Pre-purchase due diligence
  • Implementation
  • Monthly reporting
  • Regulatory compliance
  • Death claim sweeps and processing

Why COLI?

COLI is a type of life insurance where the employer (or grantor trust) buys, owns, and is the beneficiary of the policies. This type of life insurance is a tax-efficient method for the company to help offset the costs of nonqualified plan benefits.

Benefits of COLI include:

  • Tax-advantaged cash value accumulation
  • Tax-free withdrawals and loans
  • Tax-free death benefits
  • Broad asset class/manager investment options
  • Institutional pricing
  • Guarantee issue underwriting

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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.

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