Facts of Life

White, Michael D.
December 2008
Best's Review;Dec2008, Vol. 109 Issue 8, p70
Trade Publication
The article reports on the economic downturn that affected bankers' life insurance investments. It is noted that banks have cut dividends, watched their shares sink in value and experienced a decline in net income that reached a 16-year low due to the financial downturn that looms the economy. And while most institutions hold their bank-owned life insurance (BOLI) for capital, it is still anticipated that the situation still bears watching.


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