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June 20, 2006 at 07:25 AM
Sun Life Financial Inc. is marketing an investment product designed for small U.S. bank-owned life insurance programs.
The product gives regional and community bank BOLI program managers a chance to use the same kind of Pooled Stable Value Option that large banks typically use, according to Sun Life Financial United States, Wellesley Hills, Mass., which is part of Sun Life Financial, Toronto.
Smaller banks can use the option, which is offered through Sun Life’s Large Case Private Placement Variable Universal Life product, to put $1 million to $20 million of cash into a variety of managed accounts.
