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, […]
Compensation guidelines for nonprofits and tax-exempt organizations help ensure salaries are reasonable, but not excessive, and are reported honestly each year.
Retain top talent in your organization by using executive compensation, like corporate-owned life insurance (COLI), to fund employee benefit programs.
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 […]
COLI is a safe, liquid investment that can help corporations keep pace with executive compensation packages to attract and retain employees.
Credit unions can improve 457(f) plans for executives by selecting the right 457(f) plan provider and selecting strong plan design and administration practices.
Life insurance is a low-risk option to stabilize an investment portfolio. Permanent policies offer tax-advantaged, cash value components that can be accessed pre-death.
Cash value life insurance can retain top talent by offering significant death benefits and funding executive retirement programs and bonuses.
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 […]
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