company owned life insurance (COLI)
Definition
A policy owned by a company on the life of an employee vital to the concerns of the company. The company is the primary beneficiary. The proceeds are often used to cover hiring expenses, lost income or employee benefits liabilities.
Related Articles
- ETF Wraps *
- Types of Cash Investments *
- Information on Filing Auto Claims and Reducing Premiums *
- Introduction to Stock Indexes, DJIA and the NASDAQ *
- Less Popular Types of Mutual Funds - Part 1 *
- Corporate Bonds *
- Sizing up a Financial Advisor *
- Tax Issues Related to Wash Sales, Lottery Winnings etc. *
Related Videos
http://www.businessdictionary.com/definition/company-owned-life-insurance-COLI.html
