How LifeNotes Can Help Rescue a Deferred Compensation Plan

Eric Stearns and Jay Rogers of Stearns Financial are back for another episode to share how their firm’s LifeNotes Strategy can help rescue a credit union’s deferred compensation plan, including 457(f) and collateral assignment split-dollar (CASD) plans. With lower-than-average dividends and interest rates impacting projection illustrations, credit unions are searching for ways to reduce the duration of these plans and get repaid earlier while maintaining favorable tax treatment and benefits to their executives. Eric, principal at Stearns Financial, provides use cases in which the LifeNotes Strategy can help augment or change an existing deferred compensation plan for the greatest value to all parties involved. Stream the episode to hear how your credit union can use the new strategy to address various duration, risk, and capital challenges.