The BOLI, CUOLI, COLI and YOU! Banks have gained a lot of success from life insurance, but it does not mean that they are the only ones entitled to these benefits. Credit unions have also joined this Investment by buying life insurance, known as CUOLI (corporate-owned...
Why banks buy life insurance Banks’ primary objective of buying life insurance is to acquire the benefits not available in their products and other institutions. Compared to the bank’s products that are taxable and low rates, life insurance offers a...
Have you ever wondered why banks keep making supernormal profits while you barely make anything material from savings in the same banks? Banks have a little-known strategy for investing their savings that ensure survival even during any economic turmoil. As banks...
Credit may get a bad warp, causing dread and fear in the lives of millions, but does it deserve it? Credit moves the economy- each person’s credit line is like a pump that pulls money around in the economy by creating the ability to spend where it didn’t...
Cryptocurrency is a digital currency whereby a decentralized system verifies transactions and maintains records using a concept known as cryptography. Bitcoin is a form of cryptocurrency and is currently the highest valued and most popular form of that currency....
