Did you miss our most recent webinar? We chatted about how under the NCUA, Sections 20 and 21 allow credit unions to contribute to investments that are typically impermissible, including credit union-owned life insurance (“CUOLI” or “COLI”).
Simply put, a split-dollar life insurance arrangement is a form of executive compensation, involving an agreement between employer and employee, who ‘split’ the benefits and ownership rights of a life insurance policy.
Protect your family and loved ones using life insurance. Life insurance coverage can provide financial security and cover medical and educational expenses.
Most smart business owners recognize the importance of using life insurance to protect them, their families, and their companies. They use life insurance as a financial tool to solve many of the problems associated with maintaining and growing a successful company, as well as to accomplish retirement, succession, and estate planning objectives.
The types of permanent life insurance include whole life insurance, universal life insurance, index life insurance, and variable universal life insurance.
Buy-sell life insurance is different from key-person life insurance. Buy-sell protects the departing business owner and his/her family, as well as the company and its remaining owners.
Welcome to Insurance 101! Do you know the difference between term life insurance and permanent or whole life insurance?
Term life insurance is life insurance for a period of years whereas permanent life insurance or whole life insurance is designed to last for your lifetime.
Now more than ever, amid the Great Resignation, companies need to look to succession planning to boost employee retention.
Your life insurance options include continuing your coverage, letting your coverage lapse, surrendering your policy, or selling your policy via life settlement.
Enhance your legacy, minimize taxes, and increase the amount you pass to heirs by combining a gifting strategy with an irrevocable life insurance trust (ILIT).
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