Definition: Corporate-Owned Life Insurance (COLI)

Term: Corporate-Owned Life Insurance (COLI)

Definition:The purpose of COLI is to enable a corporation to insure the lives of their highly compensated / executive level employees (beyond what may be available through qualified plans). The company and the executive typically share ownership and the beneficiary interests.

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Course	Page Number
26 - Compensation Committees: Framework for Executive Compensation Alignment	15

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Corporate-Owned Life Insurance (COLI)