WFR professionals have been fortunate to work internally and as advisors to multiple banks, credit unions and insurance companies,
large and small. Our work with these clients focuses on design, implementation and servicing of BOLI, ICOLI & CUOLI as an alternative company
asset, along with its role as key-person coverage, informal financing and/or cost recapture for corporate and executive benefit programs. We
pride ourselves on bringing innovative and enlightened solutions, presented simply by knowledgeable industry specialists, along with successful
and suitable products from highly-rated carriers. Below are some examples of our work:
$118B + Super Regional Bank
As VP of Treasury in the late 1990s and early 2000s, one WFR advisor was the manager in charge of acquiring over $500MM of the now
nearly $2B of BOLI held by this bank. Pre-purchase analysis, policy structure, carrier and sub-account performance, benefit alignment,
as well as policy service and administration of the entire BOLI portfolio are some of the risk management responsibilities attendant
to this significant alternative asset.
$6B + P&C Insurer
Dating back to 1997, WFR developed and continues to service both split-dollar and a supplemental executive retirement plan (SERP) for the CEO and
top 7 senior executives. Both plans, as well as keyperson coverage, are informally funded with institutional variable universal and single premium
whole life ICOLI. This client appreciates the consistent and constant yields that both of their ICOLI types add to surplus development. WFR also
designed and implemented the supplemental individual disability insurance (IDI) for several CEOs.
$1.4B + Community Bank
As EVP and CFO in the 2000s and 2010s, one WFR advisor was the executive in charge of maintenance and additions to a $25mm+ BOLI
portfolio of single and annual deposit universal life. In addition to other purposes, this bank’s BOLI served as the informal funding
for a 5+ participant executive supplemental executive retirement plan (SERP).
$1B + NYIA P&C Insurer
WFR developed and services a 17+ participant executive deferred compensation plan with company match. This plan is informally funded
with annual deposit variable universal life ICOLI, the sub-accounts of which are informally directed by the plan participants, emulating
the 401k experience. This client established a 7-figure single premium ICOLI portfolio as a tax-deferred/free asset; it provides
keyperson coverage and cost recapture for other corporate benefits such as post-retirement medical.
$200mm + NYIA P&C Insurer
WFR developed and services the 7+ participant director and executive deferred compensation; as well as a nonqualified defined benefit
plan. These plans and the related keyperson coverage are all informally funded with single and annual deposit variable universal and
whole life ICOLI. The CEO had called the 7-figure ICOLI, his best asset.
$200mm + NYIA P&C Insurer
WFR developed and services the 10+ participant 1) death benefit only; 2) supplemental executive disability; and 3) CEO SERP for this company.
Single and annual deposit whole life and indexed universal life ICOLI is used as the informal funding for those plan benefit liabilities,
as keyperson coverage and as an alternative tax-deferred/free asset that consistently outperforms its other like-risk portfolio assets.
$120mm + P&C Insurer
WFR developed and services the 5-participant SERP; and death benefit only plan. Single and annual deposit whole life ICOLI is the
informal funding to offset those benefit liabilities, as well as keyperson coverage and a strong alternative tax-deferred/free
$30mm + NYIA P&C Insurer
WFR developed and services the 4-participant director and executive deferred compensation plan, which is informally financed with single
premium whole life and annual premium variable ICOLI. The ICOLI also provides keyperson coverage and a strong performing alternative
$25mm + NYIA P&C
WFR provided and services CEO keyperson coverage in the form of single premium whole life ICOLI, which has helped secure and enhance surplus
as an alternative tax-deferred/free asset.
$15mm + NYIA P&C Insurer
WFR provided and services a 3-participant director and executive deferred compensation plan. Annual premium variable life ICOLI provides the
informal plan funding, as well as keyperson coverage and an alternative tax deferred/free asset that has performed very well under the CEO’s
Incremental income derived from BOLI, CUOLI and ICOLI often provides the requisite cash flow, cost recovery and thus incentive for financial
institutions to maintain or enhance their corporate, executive and director benefit offerings.