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.
To find keyword content within a course, select the course link below.
Course | Page Number |
---|---|
26 - Compensation Committees: Framework for Executive Compensation Alignment | 15 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®