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• Bank-Owned Life Insurance Presents a Window of Opportunity ( January 2005 )
  Francis X. Grady of Grady & Associates

  <p>Bank-owned life insurance, or BOLI, is a single premium life insurance contract specially designed for banks to earn tax-free income. With the specter of new federal legislation being enacted that would make BOLI financings slightly more difficult to implement, BOLI deserves a closer look for banks interested in taking advantage of these tax benefits. BOLI's tax-free income comes from two sources: growth of the cash value in the policy, and insurance proceeds paid to the bank when the insured dies.</p>

• Wal-Mart Coli Suit Reinstated ( December 2004 )
  Gregory A. Inskip of Potter Anderson & Corroon LLP

  The Delaware Supreme Court has reinstated an action &#150; dismissed by the trial court based on the statute of limitations &#150; brought by Wal-Mart Stores, Inc. against life insurance companies and brokers in connection with Wal-Mart&#39;s purchase of, and the subsequent commercial failure of, Corporate Owned Life Insurance (&#34;COLI&#34;) policies.