Credit unions, which are often strapped for cash, are finding creative ways to compensate executives; they know the competition never sleeps. Yet without proper guidance, credit unions may assemble a package that looks good now but won’t yield long-term premium results. Specifically, one proposal that we believe should be avoided is a Single Premium Immediate Annuity with a Split-Dollar Loan proposal. Ready to build a sound, strategic solution?
dollar bills wrapped with a bow
Talk to an expert before you tie a ribbon around that benefits package

Originally published in the July 2021 addition of the Defense Credit Union Council’s Alert Magazine

Brokers are innovative. At times they try to structure a plan and give a life insurance policy a new twist. Planting seeds and hoping they grow money is a dream that people chase throughout their lifetime. But we separate facts and reality from fiction. The IZALE team has a better approach than an SPIA for a Split-Dollar Loan plan which is designed to help, and how to reap a more robust financial harvest.

To learn more about the nuances of split-dollar loan design, read our published report. Find out how we can tailor an optimal plan to meet your objectives.

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IZALE founder and CEO, Scott Richardson has been delivering unsurpassed experience to clients for four decades, helping them execute optimal compensation packages. He delivers rich insight to clients by helping them structure compensation, nonqualified benefits, and both bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI) plans.

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