BOLI Pays Banks Before and After Executive Deaths by Sam Eifling Posted 5/3/2010 12:00 am Updated 6 years ago Bank-owned life insurance is a widespread, though far from universal, instrument for banks to earn tax-free income and reap a windfall in case of executives' deaths. Want the Full Article? Get Unlimited Archive Access for $19.95 per Year Readers must pay to access articles older than 15 days. Articles newer than 15 days are not included in this offer. Purchase Now Already have archive access? Login to view this article.