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
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
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