Entries by Amanda Rogers

Why Do Credit Unions Use Corporate-Owned Life Insurance (COLI)?

Credit unions use the cash value of Corporate-Owned Life Insurance (COLI) as a tool to help them generate higher yields to offset the rising costs associated with employee benefits programs, such as health insurance and retirement.  The death benefit from a life insurance policy can be used to help the organization shore-up underfunded benefit programs, […]

The Importance of Understanding Split-Dollar Insurance

Split-dollar life insurance is a unique type of life insurance policy that can be extremely beneficial for businesses, including nonprofits and credit unions, and their key employees. Unlike other types of life insurance policies, split-dollar allows the organization to share in the risk and rewards associated with the policy. A split-dollar life insurance arrangement is […]

Exit Strategies for Life Insurance Policies

There are many reasons why you may no longer want or need your life insurance policy. Perhaps your beneficiaries will no longer need the life insurance proceeds after you are gone. Maybe premiums for the coverage have become unaffordable. Perhaps you need to use all of the policy’s cash value to bolster retirement income or […]