- Amount of Money Held: The exact amount of money banks and corporations have in life insurance policies varies and is subject to financial reporting standards and regulations. Regularly published financial statements and disclosures might provide some insights, but they might not break down the details to the level of individual life insurance holdings.
- Regulatory Environment: Both BOLI and COLI are regulated under federal and state laws. The use of these policies has been scrutinized and regulated to ensure they are used appropriately and not for tax evasion or other unethical purposes.
Conclusion
While I can provide general information about BOLI and COLI, including their purpose, benefits, and how they appear on balance sheets, specific data on the amount of money held by banks and corporations in these policies, or identifying which entities hold the most, would require access to detailed and current financial reports that are not part of my training data. For the most current and specific information, consulting financial reports of individual banks and corporations, or industry-specific studies, would be necessary.
