Bank-Owned Life Insurance (BOLI) Transfer Information

BOLI transfer information

Available in all jurisdictions, except: MN

Please see Transfers section of attached BOLI 50 brochure for Transfer Adjustment Charge (TAC) information that may apply at the next Transfer Date. Applicable TAC will be posted ten (10) business days prior to the Transfer Notice Date.

Minimum transfer: $500

Maximum Transfer: Greater of 15% of the policyowner's cash value in the investment portfolio from which the transfer is being made, or the policyowner's last transfer amount from the same investment portfolio on the most recent prior Transfer Date, subject to certain other limitations. (Refer to endorsement for limitations that may apply.)

Information on transfers for BOLI 30 and BOLI 50 policies

BOLI transfer request form

Send transfer request form to:

Fax: (913) 906-4129

New York Life Insurance and Annuity Corporation
Attention: BOLI Administration
11400 Tomahawk Creek Parkway
Suite 200
Leawood, KS 66211

Your Transfer Request is irrevocable when received in our Service Office.

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