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	<title>New answer on: Why Do Banks Own Life Insurance?</title>

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		<title>By: David Racich</title>

		<link>http://insurancelibrary.com/life-insurance/why-do-banks-own-life-insurance</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Fri, 24 May 2013 16:03:26 +0000</pubDate>

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		<description><![CDATA[Assuming the question is addressing corporate bank owned life insurance (BOLI) and not the requirement of a bank to have the borrower secure life insurance to indemnify a loan, BOLI is an inexpensive group benefit that can generate tax free revenue to the banking institution. It is basically used as a tax advantaged vehicle. 
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		<title>By: MARK gilblair</title>

		<link>http://insurancelibrary.com/life-insurance/why-do-banks-own-life-insurance</link>

		<dc:creator>MARK gilblair</dc:creator>

		<pubDate>Fri, 24 May 2013 14:58:51 +0000</pubDate>

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		<description><![CDATA[Banks will own a life insurance policy equal to or near the value of a loan given to a client in the event the person dies before thay have had the opportunity to pay the entire loan back to the bank. If there is a balance after the loan is paid off the balance should go toward the the loan payers estate.]]></description>

		

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