Kim Purnell
A Wix Legend Marketplace Agency
CLIENT RESOURCES
COLI Corporate Owned Life Insurance
Corporate owned life insurance (COLI) is a type of life insurance that a company buys on its employees, usually senior-level executives or critical workers. The company pays the premiums and receives the benefits if the insured employee dies. COLI can help the company reduce its taxes, increase its income, finance employee benefits, and cover the costs of replacing the employee. COLI policies may continue to cover employees after they leave the company¹².
(1) Corporate Ownership of Life Insurance (COLI) - Investopedia. https://www.investopedia.com/terms/c/corporate-ownership-of-life-insurance.asp.
(2) What Is Corporate-Owned Life Insurance (COLI)? | U.S. News. https://www.usnews.com/insurance/glossary/corporate-owned-life-insurance.
(3) What Is Corporate-Owned Life Insurance? - Policygenius. https://www.policygenius.com/life-insurance/corporate-owned-life-insurance/.
(4) Everything You Should Know About Corporate-Owned Life Insurance. https://www.investopedia.com/articles/insurance/12/corporate-owned-life-insurance.asp.
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Florida
A000000
[Mobile Phone]
321-327-9049
Insurance & Retirement Planning Specialist
Kim Purnell
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Adaptive Marketing Group, LLC
898 Glendale Ave Palm Bay, FL 32907
Florida
A000000
[Mobile Phone]
321-327-9049
Insurance & Retirement Planning Specialist
Kim Purnell
FINRA, or the **Financial Industry Regulatory Authority**, is a self-regulatory organization that oversees the brokerage industry. FINRA has rules and guidance on disclosure in advertising and other communications with the public ?.
FINRA encourages members to be precise and succinct in their explanations and disclosures. Members often include in their communications disclosures that are not required by the rules, and FINRA does not object to additional explanations or information beyond what is required for rule compliance ?.
You can learn more about FINRA's rules and guidance on disclosure from their website ?.
Source: Conversation with Bing, 6/28/2023
(1) Regulatory Notice 19-31 | FINRA.org. https://www.finra.org/rules-guidance/notices/19-31.
(2) Advertising Regulation | FINRA.org. https://www.finra.org/rules-guidance/key-topics/advertising-regulation.
(3) Disclosure Report Cards | FINRA.org. https://www.finra.org/compliance-tools/report-center/disclosure.