M Benefit Solutions – Bank Strategies’ goal is to implement executive and director benefits and BOLI programs as seamlessly as possible. This process may include:
- Draft plan documents and agreements for review by client counsel
- Facilitate the complete underwriting process
- Negotiate guaranteed issue offers
- Coordinate the consent to insure process
- Submit applications to insurance companies
- Provide instructions for wiring of premiums
- Oversee all aspects of policy issuance
- Act as an intermediary between the bank and each carrier
- Create an administrative calendar outlining client service requirements
- Program our database and system for the administration of each client’s benefit plans and BOLI policies made available on BOLIPRO®