{"id":988549,"date":"2022-04-22T17:36:38","date_gmt":"2022-04-22T17:36:38","guid":{"rendered":"https:\/\/acumeninsurancesolutions.com\/?p=988549"},"modified":"2022-08-01T14:12:37","modified_gmt":"2022-08-01T21:12:37","slug":"coli-cuoli","status":"publish","type":"post","link":"https:\/\/acumeninsurancesolutions.com\/coli-cuoli\/","title":{"rendered":"Why Should a Credit Union Invest in Credit Union-Owned Life Insurance?"},"content":{"rendered":"\n<p>There are many advantages to implementing a credit union-owned life insurance (COLI\/CUOLI) program. Here,<a href=\"https:\/\/acumeninsurancesolutions.com\/about\/\"> Scott B. Hinkle<\/a>, J.D., CFP, and Principal at Acumen Insurance Solutions, talks about why a credit union should invest in credit union-owned life insurance.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s get started.<\/p>\n\n\n\n<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style><div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/\/CyALOrU90wQ\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Credit Union-Owned Life Insurance?<\/strong><\/h2>\n\n\n\n<p>Credit union-owned life insurance (COLI\/CUOLI) is an \u201cotherwise impermissible investment\u201d that credit unions often use to pre-fund employee benefit expenses under Section 20. Policies insure the lives of individual executives or groups of key people and are designed to generate competitive current yields on cash values.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image alignright size-large\"><img decoding=\"async\" src=\"https:\/\/acumeninsurancesolutions.com\/wp-content\/uploads\/2022\/04\/Why-Should-a-Credit-Union-Invest-in-Credit-Union-Owned-Life-Insurance-1-451x1024.png\" alt=\"invest in credit union owned life insurance\" class=\"wp-image-988551\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Why Should Your Credit Union Invest in Credit Union-Owned Life Insurance?<\/strong><\/h2>\n\n\n\n<p>So, why should your credit union consider investing in credit union-owned life insurance (COLI\/CUOLI) as opposed to the other options that are available?<\/p>\n\n\n\n<ol><li><strong>It\u2019s Safe: <\/strong>Credit union-owned life insurance policies are issued by life insurance carriers that have been around 100 to 150 years.<\/li><li><strong>It\u2019s Liquid: <\/strong>In the event that you choose to redeploy your capital elsewhere, you have the ability to do so with a credit union-owned life insurance policy.<\/li><li><strong>It Provides Meaningful Rates of Return:<\/strong> These policies are currently earning very meaningful rates of return. In fact, they are currently yielding between 2.5% and 5.0%, depending upon the class of policy selected.*<\/li><\/ol>\n\n\n\n<p>For all of these reasons, credit union-owned life insurance should be something that all credit unions consider in today&#8217;s challenging investment and interest rate environment.<\/p>\n\n\n\n<p>Interested in learning more about why you need to periodically review your existing COLI plans? Read on in \u201c<a href=\"https:\/\/acumeninsurancesolutions.com\/credit-unions\/auditing-existing-coli-plans-for-credit-unions\/\">Auditing Existing COLI Plans for Credit Unions<\/a>.\u201d<\/p>\n\n\n\n<p>*Disclaimer: These policies are not considered securities. Guarantees are based on the claims-paying ability of the underlying insurance carrier. Policies are not FDIC-insured. Pricing can be based on many factors, including the insured\u2019s age, gender, and health. Please refer to a current policy illustration for details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit union-owned life insurance is safe, liquid, and provides meaningful rates of return in today&#8217;s challenging investment and interest rate environment.<\/p>\n","protected":false},"author":5,"featured_media":2328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[28,118],"tags":[30,78,47,31,29,32],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COLI\/CUOLI - Acumen Insurance Solutions<\/title>\n<meta name=\"description\" content=\"Credit union-owned life insurance COLI\/CUOLI is safe and provides meaningful rates of return in today&#039;s challenging investment environment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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