States Attempt To Limit COLI

Sanders, Gary
July 2003
Advisor Today;Jul2003, Vol. 98 Issue 7, p53
Trade Publication
Discusses implications of the plan of lawmakers in the U.S. to consider legislation that would limit or prohibit businesses' use of corporate-owned life insurance (COLI) for purposes such as financing broad-based employee benefit plans. Reason given by the National Association of Insurance and Financial Advisors on why businesses should be able to use COLI as an integral part of their overall financial planning process; Need for businesses to obtain the employees' advance written consent.


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