Credit Union Owned Life Insurance (CUOLI)
Newcleus is able to bring the full suite of available products in the credit union space to our customers.
Credit union owned life insurance can provide a credit union with additional yield opportunity while allowing for a very cost-effective benefit for employees who are part of the plan. By working with our product partners, Newcleus is able to bring the full suite of available products in the credit union space to our customers, from fixed account CUOLI, to indexed Universal life, to separate account capabilities. In addition, we have worked to develop access to products with limited or exclusive distribution that are unavailable anywhere else in the marketplace.
Our continual focus on innovation means that we never rest on what exists today but are always looking around the corner to see what new capabilities we can develop to bring better solutions to our customers. With an unusual collection of expertise and a range of solutions using proprietary products, we work closely with experienced Compensation Advisors to uncover your unique needs and design the financial solution that’s right for your credit union.
- Returns that can outperform more traditional credit union investments
- Ability to target higher returns involving equity market participation without the associated income statement volatility
- Flexibility of utilizing BOLI returns to finance any employee benefit including healthcare, other group benefits, and executive benefit plans
- Potentially less interest rate volatility versus more traditional credit union investments
- Ability to integrate a key-person benefit for executives affiliated with the plan