BOLI Pays Banks Before and After Executive Deaths by Sam Eifling Posted 5/3/2010 12:00 am Updated 4 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 stories older than 20 days. Purchase Now Already have archive access? Login to view this article.