WHITEPAPER: Investing with Tight Liquidity

Management teams are responsible for ensuring that their company’s investments are getting the best returns. One investment option that they may consider is Bank Owned Life Insurance (BOLI) or Corporate Owned Life Insurance (COLI).  While BOLI/COLI can provide a variety of benefits, many companies with tight liquidity overlook life insurance as one of their investment… Read more »

WHITEPAPER: Group Term Life Insurance Carve-Out Plans

Employer-sponsored life insurance has traditionally played an important role in an executive’s pre-retirement planning for family and financial obligations.  Many view the group life insurance plans as a large part of their estate planning strategy.  Group life plans however, are not portable at retirement thus creating a void in the Executive’s planning needs.  A company… Read more »

New Rules on Disability Claims

DOL rules and Disability Claims The DOL has presented new rules regarding the claims procedures for disability benefits in employee benefit plans effective April 1, 2018. These new rules were established to provide additional protection for participants of long-term and short-term disability plans, 401(k) and qualified retirement plans, non-qualified deferred compensation plans and SERPs.  Companies… Read more »

How to Choose the Select Group for a Top-Hat Plan

In today’s market there is a much stronger focus to recruit, retain and reward your key executives.  It is important to ensure your executive’s goals are in line with the company’s goals and that both the executive and company see a future in one another.  Many companies are implementing Top-Hat plans, which are nonqualified deferred… Read more »

Video: Compensation Planning in Today’s Talent Market

How do banks attract young employees and retain key executives? David Fritz Jr. and Patrick Marget of Executive Benefits Network explain that bank compensation plans should appeal to multiple generations and outline how Bank-Owned Life Insurance (BOLI) can offset compensation costs. Challenges in Attracting & Retaining Employees Focusing on Long-Term Incentives BOLI’s Role in Compensation… Read more »

Using Life Insurance to Supplement Retirement Income

Reasons for Life Insurance When it comes to putting aside funds for a Business Owner’s retirement, the options beyond qualified plans are limited.  Owners of pass through entities are taxed on the profits of their business regardless of what they do with the Company’s money.  To build a source of retirement income that grows tax-deferred and could… Read more »

Tax Reform and Life Insurance Planning

AALU Tax Reform Update The AALU recently released an update on the much-anticipated tax reform and how it impacts life insurance planning.  President Trump wanted to have the tax reform completed by August, however, it has now been pushed back to the end of 2017.  Health care reform continues to loom large as a hindrance… Read more »

Financial Planning on the (Possible) Eve of Tax Reform

Tax Reform Status President Trump’s tax reform proposal mirrors what he promised during his campaign.  With the prospect of major tax reform on the horizon, it is important to stay calm, be proactive, and plan ahead when it comes to your financial planning. Tax reform has received a lot of press recently.  But it is… Read more »