What is the difference between coli and Boli?

What is the difference between coli and Boli?

BOLI is a sub-category of COLI, or Corporate Owned Life Insurance. As explained below, banks can own both BOLI and COLI, whereas, life insurance owned by non-bank employers is generally referred to as COLI1. The key difference between BOLI and COLI is the type of employee benefit liabilities it is purchased to offset.