TITLE

States Attempt To Limit COLI

AUTHOR(S)
Sanders, Gary
PUB. DATE
July 2003
SOURCE
Advisor Today;Jul2003, Vol. 98 Issue 7, p53
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10144622

 

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