Insurance Company-Owned Life Insurance (ICOLI)
ICOLI strategies, offered by Newport, an Ascensus Company, delivers advisors a powerful tool to optimize insurance portfolios for your clients. By leveraging institutional insurance solutions, you can help insurance companies balance their risk and return, with a focus on increasing profits, reserves, and financial stability.
Driving enhanced investment results
Benefits
- Comprehensive product evaluations and recommendations to help you guide clients toward the right asset classes and managers
- Detailed documentation outlining actions and risks regulators expect you to address before implementing an ICOLI program
- Clear implementation timelines to help you plan and manage client expectations
- Accounting and financial reporting support to streamline oversight
- Ongoing reporting to help you and your clients stay aligned with regulatory requirements
- Policy owner services and annual plan reviews to help maintain plan integrity over time
Positioning ICOLI for client success
ICOLI is a sophisticated life insurance strategy in which the insurance company is both the policy owner and beneficiary, typically insuring select senior executives. For advisors, ICOLI presents a compelling opportunity to help clients (particularly life, health, and P&C carriers) optimize surplus assets and align with long-term investment objectives.
When positioning ICOLI to your clients, highlight its advantages including:
- Tax Efficiency: Showcase how ICOLI serves as a long-term investment solution that helps clients reduce tax liabilities while helping to offset the expenses of employee benefit plans.
- Portfolio Diversification: Illustrate the ability to align with professional portfolio management. ICOLI earnings are based on a diversified investment portfolio managed by the life insurance carrier or an outside investment manager.
- Resource Reallocation: Emphasize how the cost offsets from ICOLI allow clients to free up critical resources for other business priorities, fostering flexibility and financial resilience.
By guiding your clients through the advantages of ICOLI, you position yourself as a trusted financial partner who can bring clarity and impact to strategic investment decisions.
Start the conversation
Want to add an ICOLI program to your business offerings? Just answer a few questions and one of our dedicated team members will reach out to you.