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Bank Required Life
While the notion that banks can issue life insurance may seem like an odd one, there are number of benefits to securing Bank Required Life Insurance policies. First and foremost, banks can use these policies to generate more employee benefits for a lower rate.
The bank writes the policy (or contract), then makes payments into a specified fund. Any and all employee benefits are thereafter drawn from this fund.
Premiums – and all appreciation – are tax free for the bank.
Mitchell & Mitchell Insurance has been placing insurance for clients for more than 50 years. Our mission is to encourage you to strive for your maximum potential. We never compromise our mutual trust and esteem and constantly strive to provide adequate counsel. Ultimately, we aim to earn the distinction of being your most trusted insurance advisor.
Contact us at your earliest convenience to learn more about Bank Required Life Insurance.