Mortgage Impairment Insurance

Smart financing alternatives.

BOLI, or bank-owned life insurance, is just what it sounds like: a life insurance policy you can buy to insure the lives of your key employees. This tax-advantaged asset acts similarly to a bond, allowing banks to offset the expenses needed for superior benefits and/or informally fund executive benefits. As the policy's owner and beneficiary, your bank harnesses unique benefits, including the ability to: Insure the economic loss of a key employee’s premature death Offset the ever-increasing costs of employee health and welfare ERISA plans Provide cost recovery for pre- and post-retirement executive compensation and benefit plans Have an asset with a value highly correlated to the changing value of a liability obligation, i.e., a "hedge" These benefits are a direct result of the fact that BOLI offers: An asset value that accumulates on a tax-deferred basis, treating the change in value as "other non-interest income" Income-tax-free death proceeds for recovering the present and long-term costs of employee benefits and compensation plans A more efficient method of financing employee benefit and compensation plans than alternatives Our unique BOLI service model will help you understand every aspect of the transaction and plan design. We'll also help you implement, monitor and maintain those assets in line with the most current regulatory and compliance requirements.Our BOLI Administration SolutionAt NFP, we’ve built a simple, sophisticated and streamlined BOLI system — all with the way you work in mind.We call it CPADS, and it makes managing your BOLI program easier than ever.Take as much – or as little – control of your bank-owned life insurance administration as you need, with our proprietary, all-in-one tool that delivers: Monthly, quarterly and annual reporting BOLI compliance reporting Insurance carrier financial and rating information Retirement and split-dollar benefit accounting Participants statements Tax reporting Weekly social security sweeps Secure online access

Supporting your leaders.

Serving on a company’s board or in a management or executive position carries a whole host of responsibilities and duties to various stakeholders. There is a duty to shareholders, employees, customers, clients, vendors, competitors, regulators and creditors — to name a few. Unfortunately, things don’t always go smoothly, and if a director or officer fails to carry out duties, claims can and do result. In order to protect your company and individual directors and officers in the event of a claim, it is vital that your company is ready to respond.Our team works collaboratively with you and your organization to identify your specific needs and craft a bespoke solution to your risk profile and corporate objectives. One solution is the placement of a robust directors and officers (D&O) liability policy. This is critical aspect of an overall risk management strategy to safeguard the individual directors and officers assets and the company’s balance sheet.Any organization, director or officer may be presented with allegations of matters such as: Bankruptcy Dishonesty/fraud False representation Merger and acquisition disputes Poor financial performance Securities class actions/shareholder filingsOur experts utilize their market relationships and knowledge to present you with the best solution to protect your directors and officers, and your entire organization. Contact us to discuss how we can partner with your company and help to secure it for years to come.

Reward your key people with uncompromising excellence.

Executive benefits are a powerful tool for enticing and rewarding the top people in your organization. These specialized benefits set up your workforce for success with the tools, mechanisms and pathways to attract key employees who will drive your business forward. These benefits create another type of compensation, and help your experienced elites retire when and how they want to, giving your workforce the room it needs to grow.These types of benefits are important because rules on the books restrict how much can be saved in tax-deferred plans, even with those top-tier benefits. That means those key-decision makers won’t be saving the 70% to 80% of their final income they need to maintain the lifestyle they enjoy in retirement. Reduced retirement savings can mean delayed retirements, and that hurts business as much as it hurts your employees. Even just a three-year increase in average retirement age can mean a 3% annual increase in total workforce cost, or more.With the right executive benefits, you can help your high earners bridge the retirement income gap affecting highly compensated employees so they can happily move into retirement and welcome in the next generation of top talent.When executives and key employees depart unexpectedly, replacement becomes the next hurdle. Replacing an executive can carry a hefty bill. From screening and interviewing to morale and institutional knowledge, the direct and indirect cost of replacing a key executive can reach 400% or more of their annual salary. Fortunately, you have options for a smooth transition without incurring excessive costs. An executive benefits plan can also help you implement incentives and special features designed to increase company loyalty in leaders who drive your business. How do you make sure that your most valuable assets – your top executives – feel rewarded, valued and motivated to continue making your company great? Create an executive benefits program that helps give them long-term financial stability.Our Executive Benefits team has one main focus: to build the best executive benefits package for your company and its key people.

Leaving the design and construction to the professionals.

Professional liability exposures are not limited to issues with design, however, and also may be complicated by increasingly complex contractual arrangements, integrated construction/design approaches, new technologies and many other factors.NFP professional liability experts help you to evaluate and pursue risk management strategies to mitigate your professional liability exposure, ranging from robust contracting practices that can provide a strong line of defense against potential professional liability exposures, to sophisticated insurance programs designed to respond comprehensively to losses.Before we begin to evaluate your professional liability insurance coverage needs, we strive to understand your business. A thorough understanding of your business practices, business goals, appetite for risk, risk management goals and financial objectives is paramount to optimizing any professional liability insurance program.Professional liability is extremely complicated, and the details matter. NFP can help you understand: The coverage that you have The coverage that you may need Not only the cost, but also the value of your program

Building a strong foundation of protection.

Real estate risk management is complicated. Whether you're a developer, owner or manager of real estate assets, effectively protecting your portfolio – regardless of its size – requires the support of a team dedicated to the real estate industry with solutions that protect owners of commercial and residential properties against a variety of risks.NFP’s Real Estate Group provides deep industry and product expertise for developers, owners and managers of real estate assets. We combine the advantages of working with a large global broker or a small regional broker into one integrated offering that’s focused exclusively on effectively protecting commercial and residential real estate portfolios – regardless of size – against a variety of complex risks.Professionals across the real estate life cycle choose us for our deep knowledge of the nuances and complexities of the industry, and our first-hand understanding of how risk affects strategy, financials, operations and people. Our significant scale, deep partnerships across insurers and independence to do what’s right for our clients give us the ability to deliver exceptional expertise, value and results.Industry Support from True Experts Our team is dedicated to real estate — it’s all we do, day in and day out. Every team member of the Real Estate Group is a real estate specialist with experience working exclusively with investors, owners, operators and developers. Our team averages 15+ years of industry-specific experience so we understand the challenges and factors specific to the commercial, industrial and multi-family real estate communities.We’re committed to learning as the landscape evolves. We continually build our expertise to remain at the forefront of developments in the real estate sector so we can identify opportunities for our clients and help them prepare for emerging challenges.Future-Forward Tech and Analytics By providing access to industry-leading data, analytics and technology, we help our real estate clients make informed, data-driven insurance purchasing decisions. The Real Estate Group helps clients refine their data to maximize quality, value and effectiveness, and utilize stress testing and benchmarking to ensure programs remain aligned with the evolving needs of each portfolio.Dedicated Professionals, Nimble Service Our flexible service model allows us to customize the experience to each client’s needs. The service we deliver is a critical component of the value we provide and elevates the effectiveness of our focused expertise and tailored solutions.Examples of our exceptional service include: COIs issued within 24 hours Policies issued within 14 days of receipt from market Invoicing/allocations within 14 days after inception Renewal certificates issued 72 hours after bind order Leases, lender agreements and contracts reviewed within 24 hours 24/7 availability Diligent claims advocacy with access to counselOur staff-to-client ratio and high employee retention rate ensure the stability and consistency essential to high quality service. These factors also allow us to provide proprietary manuscript policy forms that are carrier approved and claims tested, coverage interpretation, contract reviews, integrated placement expertise, and dedicated claims advocacy. We openly collaborate with our colleagues in other specialty areas, including construction, benefits and individuals solutions – life insurance and wealth management – to offer additional value and insight to our real estate clients.Innovative Approaches to Risk With a clear understanding of your unique goals and needs, we embrace the opportunity to look at challenges differently and solve them creatively and effectively. Innovative solutions we’ve introduced to clients include: Parametric solutions (weather, wildfire, loss of attraction, terrorism) Special perils (financial loss without physical damage trigger) Customized premium allocation tools Program diagnostics Alternative risk transfer (insuring the insured) Custom captive integration Deductible buy downs and aggregatesTogether, we’ll take the time to understand where you are and help you build where you want to go.