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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.
How Does Life Insurance Premium Financing Work?
/in Families, News & InsightsIn many situations, it can make economic sense for a family to finance the premiums needed to acquire life insurance coverage for estate and wealth transfer planning purposes.
Summary of Strategies and Results
/in News & Insights, Working with AcumenA Summary of Strategies and Results for when you and your business or family start working with Acumen Insurance Solutions.
Liquidity Plus Program
/in Finance, News & Insights, Non ProfitsIt is a best practice for nonprofit organizations to keep liquid reserves on their balance sheets for unexpected emergencies and opportunities These reserves are typically held in cash at the bank, or invested in CDs, U.S. Treasurys or short-term bonds.
Life Insurance Underwriting Process
/in Families, Insurance, News & InsightsThere are several things that an insurance underwriter will typically review, including:
lifestyle, health, and motor vehicle history. The underwriting process is subjective and can take between two and six months to complete.
Making the Right Choice: Identifying Key Features of SERP Designs
/in News & Insights, Non ProfitsThere is no “one size fits all” SERP design, and selecting the right one can be challenging. The
differences between the various SERP designs are important to identify as such differences can significantly impact both the organization and the executive.
Why Acumen is Different
/in News & Insights, Working with AcumenAcumen is unique because we don’t just dabble in life insurance – it’s our specialty.
Types of Life Insurance
/in Families, Insurance, News & InsightsLife insurance comes in several different flavors, so learning the options and then selecting the right type of policy for your goals and budget is crucial. In general, life insurance is a contract between a policy owner and an insurer, whereby the insurer promises to pay a designated beneficiary a sum of money, called a “death benefit,” upon the passing of the insured person, in exchange for a premium, paid in a lump sum or over time.
Specialized Programs for Credit Unions
/in Credit Unions, News & InsightsCredit unions often invest in specialized programs, institutionally-priced permanent life insurance policies on the lives of their executives for up to 25% of net worth, in most jurisdictions.
Collaborating with Acumen
/in Consulting, News & Insights, Working with AcumenCollaborating with Acumen ensures that proposed coverage changes fit within the framework of the client’s plan and exceeds expectations.
Ensuring Your Bank is Always Protected in a Life Insurance Premium Financing Transaction
/in Banks, Business, Business Owners, Finance, News & InsightsProperly designed life insurance can be an effective tool for addressing important personal and business planning objectives, including spousal protection, wealth transfer, tax planning, liquidity needs, business succession, key employee retention, and charitable planning.
Credit Union Alert FASB Update Now in Effect
/in Credit Unions, Finance, News & InsightsThe financial accounting standards board (fasb) has issued a new guidance that impacts all entities holding financial assets, including credit unions, by changing the standards of an equity security.
What is Bank-Owned Life Insurance (BOLI) and How Can You Benefit?
/in Business, Consulting, Insurance, News & InsightsBOLI is used as a tax-favored asset to increase bank earnings and offset rapidly rising costs of employee benefits, such as sky-rocketing medical, disability, and workers’ comp insurance premiums.
Investment Update, Fourth Quarter 2016
/in Finance, News & Insights, StockWorking from home meant we could vary snack and coffee breaks, change our desks or view, goof off, drink on the job, even spend the day in pajamas, and often meet to gossip or share ideas.