Financial Institution Compliance
Financial institutions have the ability to purchase life insurance to help offset the costs associated with employee benefits and key person replacement. The favorable tax treatment of income generated from life insurance may provide financial institutions the opportunity to earn a greater return than that offered by other permissible investments. The additional earnings can ultimately be used to implement or enhance employee benefits designed to attract, retain, and reward key executives.
Pangburn offers financial institutions an unbiased analysis of their insurance holdings, and is in a unique position to assist with the implementation and/or post-sale assessment of risk management programs.