WR Marketplace: Happy Holidays: A Few Simplified Charitable Giving Approaches Using Life Insurance
EBS is a marketing, consulting and service firm that specializes in the placement of Bank Owned Life Insurance (BOLI) and Corporate Owned Life Insurance (COLI) programs. These programs utilize life insurance to finance existing employee benefits, as well as to informally fund new or existing non-qualified executive benefit plans. The members of EBS, who are financial representatives, provide clients with access to the leading insurance carriers in the BOLI and COLI markets. EBS also delivers comprehensive implementation services and the ongoing administration required to support BOLI and COLI programs. These services include assistance with regulatory due diligence, analysis of census data, product selection, monthly reporting, periodic credit reviews of the insurance carriers, updates on legislative issues, and more.
EBS provides its comprehensive services through a team of qualified professionals with vast experience in insurance and public accounting. Each client has a specific service team that is supported by extensive back office support. Professional designations held include CPA, JD, CLU, MSFS, MBA, CFP, ChFC and others. There are five offices located throughout the country, including the EBS headquarters in Birmingham, Alabama, to ensure coordinated service delivery. As financial representatives, EBS members are supported by insurance attorneys, actuaries, and advanced underwriters.
Over the past seventeen years, EBS has implemented well over 250 BOLI and COLI transactions in thirty-five states. These transactions have resulted in purchases of billions of dollars of face value placed with highly rated insurance carriers offering institutional pricing. Our informal funding recommendations are built on sound economic foundations and are conservatively structured from a tax perspective. EBS has near 100 percent client retention. We welcome interested parties to contact our references regarding our services and regulatory compliance.