Benefit Liability Management 101 (Webinar)

Watch Recorded Webinar (Available Below)

Date: August 17, 2017 
Time: 2:00 pm - 3:00 pm (ET)

Benefit Liability Management isn’t a new concept in the credit union industry, yet many are unsure of what it means. 
 
Sometimes called Benefits Pre-funding, it is simply purchasing an otherwise impermissible investment to offset employee benefit expenses. Before implementing benefit liability management, several key questions must be considered. While there is no right or wrong answer, it’s important to note that each credit union must carefully decide what’s appropriate for their particular situation and their membership.
 
This webinar provides an overview of Benefit Liability Management and explores five key questions to consider before implementation.
 

MATERIALS

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EXPERT PRESENTERS

kraig klinkhammer

Kraig Klinkhammer, Chief Operating Officer, BFB Gallagher
Kraig Klinkhammer has 20 years of experience in executive benefits, asset management, and various applications of life insurance and financial planning. As BFB Gallagher’s chief operating officer, Kraig ensures our clients’ benefit and investment programs run smoothly, from design to ongoing service. He sets the pace for staff goals, developmental training, and forward-looking corporate initiatives. Kraig also manages our investment and portfolio strategy, working closely with asset management firms, life insurance companies, and other financial service organizations to ensure clients have access to a wide variety of compliant solutions.

Prior to joining BFB Gallagher, Kraig served as manager of the bank-owned insurance portfolio for a large regional bank where he was responsible for the oversight of insurance investments exceeding $5 billion. In this role, he was also responsible for budgets, forecasted revenue/expenses, cash flow management, P&L impact, Sarbanes-Oxley/GAAP compliance and financial account procedures.

Kraig earned his Master of Science in Financial Analysis and Bachelor of Science in Finance-Law from Portland State University in Oregon. He holds an insurance license as well as FINRA series 7, 63, and 65 licenses. Kraig lives outside of Portland, Oregon, where he and his family enjoy exploring the coastline and new local restaurants.

Jennifer Jackson headshot 2017Jennifer Jackson, Area Vice President, Relationship Management, BFB Gallagher
Jennifer has more than 15 years of experience in the financial services industry, specializing in the design and implementation of executive benefit plans. Throughout her career, she has held several roles related to executive benefit plans for banks and credit unions which gives her a unique perspective in overseeing her client plans. Her expertise includes regulatory compliance, financial analysis, and retention strategies. In her current role, Jennifer is responsible for the design and servicing of nonqualified retirement programs for BFB Gallagher clients throughout the Northeast and Mid- Atlantic states. 

Jennifer’s commitment to the credit union mission of people helping people is reflected in her work as a board member of the BFB Foundation, an organization that provides educational opportunities to women in developing countries. Jennifer earned her Bachelor of Arts in Mathematics from Converse College in Spartanburg, South Carolina. She also holds a life insurance license.

 

BFB Gallagher logoBFB Gallagher is the NAFCU Services Preferred Partner for Executive Benefits and Compensation Consulting. To learn more about BFB Gallagher visit www.nafcu.org/bfb