08.30.25

Nationwide Financial's Jessica Dowdy on Myths Surrounding COLI and BOLI

by: Jessica Dowdy

Corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) are often misunderstood, writes Jessica Dowdy, head of institutional insurance at Nationwide Financial. Misconceptions include that they insure all employees or aren’t suitable for small businesses, but modern policies require employee consent and can be customized for companies of any size. With COLI sales growing rapidly —  from $2 billion in 2021 to $5 billion in 2024 — advisors who educate clients on these tools can enhance business stability and grow their practices. "By helping your clients view COLI and BOLI as strategic financial tools, not just insurance policies, you can help them manage future obligations, fund key talent strategies and maintain long-term stability while also growing your own practice in a meaningful way," writes Dowdy.

Read the full article on Think Advisor