Since 1985, Steven Eisenberg has worked extensively in the COLI and BOLI market (variable and general account products and traditional and universal life insurance products).
In 1986, he pioneered the development of large case COLI (both leveraged and non leveraged) and subsequently large case BOLI as a consultant for major life insurance companies, including the development of sophisticated illustration systems for COLI and BOLI products. He designed, priced, and developed administration procedures, set specification for illustration systems, and consulted with brokers on behalf of the major insurance carriers regarding their entry into the corporate market place and design of their COLI and BOLI products, including broker compensation. He is currently recognized as a leading expert in the design of COLI and BOLI products.
Steven Eisenberg founded, developed and was the senior managing partner of Milliman & Robertson’s (now known as Milliman) Atlanta life insurance practice until he retired from Milliman at the end of 1998. Milliman has one of the largest actuarial life insurance consulting practices in the United States. Almost all of the firm’s COLI and BOLI work was developed or directed by Steven and his Atlanta office staff. From the mid 1980’s through the mid 1990’s, he consulted with more large life insurance companies to help them enter the COLI and BOLI market and developed more COLI and BOLI products for these companies than any other consulting actuary in the country.
Steven has continued to work extensively with COLI and BOLI.
His clients include life insurance companies, COLI and BOLI specialized broker organization, COLI and BOLI administrators and illustrations organizations, and the COLI or BOLI purchaser.
Much of his expert witness and litigation support involves COLI and BOLI and other broad based insurance purchases as a funding and financing vehicle, broker and administrative functions and compensation, policy owner tax and other issues relating to COLI and BOLI and its purchase and administration, including third party administrators, and all aspects of policy forms and contracts.