Implementation

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™