Secure Tomorrow Together
An unprecedented opportunity for Credit Unions and Executives participating in split-dollar plans
$500M
trust*
Join the Credit Unions and Executives who have benefited from the LifeNotes trust
*The LifeNotes Trust is up to $500,000,000 in cash value
Increase Benefit
Live success stories
1
Increase Yield
Increase the yield on your current CUOLI portfolio without adding additional capital.
3
Restore or Increase Benefit
By transferring risk to the trust, your benefit can likely be re-established or increased
Decrease Duration
Decrease duration of loans supporting your split-dollar plans, and open up impermissible investment space.
2
LifeNotes made it possible to create a new plan and retain our executive
LifeNotes provides my wife and I with the safety and security we need in retirement
Karyn
The paperwork was quick and hassle-free. I received the required amount as soon as possible. In addition, the terms of the loan were very favorable — the interest rate turned out to be lower than I expected.
We have a smaller credit union and we were at the impermissible, 701.19, limit due to a split-dollar plan on a retired executive. LifeNotes gave us the ability to reclassify the plan as permissible, making it possible to create a new plan and retain our current executive.
Little Rock, Arkansas
Bob
LifeNotes was able to get me a lump sum now based on a time value of money calculation
Escanaba, Michigan
Shasta
I left the credit union with a partially vested split-dollar plan that was set to provide 20 years of income in retirement. My first benefit wasn’t going to occur for 20 years. LifeNotes was able to get me a lump sum now based on a time value of money calculation.
New Orleans, Louisiana
About Us
LifeNotes is a Special Purpose Vehicle (SPV) which is trusteed by Capaxa, LLC and administered by Stearns Financial Group.
To learn more about the team at Stearns Financial, click here
Credit Unions
LifeNotes can be leveraged for Credit Unions who want to:
Reduce duration of Collateral Assignment Split-Dollar (CASD) loans
Add a split-dollar plan for key Executives without increasing their impermissible investments
Implement a new CASD plan but would like their loan assets back in as little as 10 years
Increase their yield on Credit Union Owned Life Insurance (CUOLI) without adding additional capital
Executives
LifeNotes can be an effective solution for Executives who:
Own a split-dollar plan, whether they are still working or are already in the distribution phase
Have a split-dollar plan and would like to stabilize their benefit and transfer the risk they carry in their plan to the pool
Have an underperforming split-dollar plan and want to restore their benefit
Certificate Holders
LifeNotes can benefit Credit Unions who would like to
Increase yield on their existing CUOLI portfolio without adding additional capital
Purchase a higher yielding CUOLI portfolio with a defined maturity and no underwriting
Strategic Partners
