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Acumen Insurance Solutions is an affiliation of independent life insurance experts solely for marketing and cost sharing purposes and is not a co-venture or partnership for any other purposes. No member of Acumen Insurance Solutions shall be liable for actions by any other member.
Why Do Credit Unions Use Corporate-Owned Life Insurance (COLI)?
/in COLI, News & InsightsCredit 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
/in News & Insights, Non ProfitsCompensation guidelines for nonprofits and tax-exempt organizations help ensure salaries are reasonable, but not excessive, and are reported honestly each year.
Using CUOLI to Fund Section 20 and 21
/in Credit Unions, Finance, News & InsightsDid 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”).
How to Retain Top Talent Using Executive Compensation
/in Business, Insurance, News & InsightsRetain top talent in your organization by using executive compensation, like corporate-owned life insurance (COLI), to fund employee benefit programs.
The Importance of Understanding Split-Dollar Insurance
/in Insurance, News & InsightsSplit-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 […]
How Can Your Nonprofit Keep Pace with Rising Costs?
/in Business Owners, Insurance, News & Insights, Non ProfitsHow Non Profits Use COLI to Fund Executive Comp Packages
/in Business Owners, COLI, Credit Unions, Insurance, News & Insights, Non ProfitsCOLI is a safe, liquid investment that can help corporations keep pace with executive compensation packages to attract and retain employees.
What is Split-Dollar Life Insurance?
/in Insurance, News & InsightsSimply 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.
How Credit Unions Can Improve 457(f) Plans for Executives
/in Credit Unions, Finance, News & InsightsCredit unions can improve 457(f) plans for executives by selecting the right 457(f) plan provider and selecting strong plan design and administration practices.
Using Life Insurance as an Investment Tool
/in Insurance, News & InsightsLife 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.
How to Protect Your Family Using Life Insurance
/in Families, Insurance, News & InsightsProtect your family and loved ones using life insurance. Life insurance coverage can provide financial security and cover medical and educational expenses.
Top Six Reasons Why Smart Business Owners Use Life Insurance
/in Business, Business Owners, Finance, Insurance, News & InsightsMost 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.
Using Cash Value Life Insurance to Retain Top Talent
/in Insurance, News & InsightsCash value life insurance can retain top talent by offering significant death benefits and funding executive retirement programs and bonuses.
Exit Strategies for Life Insurance Policies
/in Insurance, News & InsightsThere 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 […]
Permanent Life Insurance: What Options Are Available to You?
/in Insurance, News & InsightsThe types of permanent life insurance include whole life insurance, universal life insurance, index life insurance, and variable universal life insurance.