Bank-Owned Life Insurance – The Great Misperception

Matthew P. Butler, ChFC - Founder & Managing Principal

Dear Colleague,

Thank you for your interest in our whitepaper on bank-owned life insurance (BOLI). We’re on a mission to inform and enlighten credit union stakeholders about the many pitfalls of BOLI (CUOLI). As the author of this paper, it is important to note that I am not anti-life insurance. In fact, as you’ll see in the paper, quite the opposite. Life insurance has its place and its applications, but BOLI for credit unions is not one of them.

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About Elite Capital Management Group:

We Pioneered The Concept Of Employee Benefits Pre-Funding In The Credit Union Space More Than A Decade And A Half Ago.

Originating from the idea that credit unions lacked access to institutional investments, and that insurance policies written for banks were a poor solution for credit unions, we launched the Elite Yield Enhancement Pre-Funding Program® in 2007 and have grown to be one of the largest providers of non-insurance based §701.19C investment programs in the United States.