Exceptional Rewards for Exceptional Employees
Attracting and retaining Key Executives is critical to a business’ success. A specially designed employee-owned life insurance policy in which the company pays the premiums can be attractive to Key Executives. The premium amount then becomes a compensation bonus to the executive.
With these plans, the premium amount is tax-deductible to the business. They can be structured so the policy’s tax-advantaged cash value accumulations and death benefits provide:
- Survivor income
- Retirement income
- Estate liquidity
- Disability income protection
- Educational funding
To encourage retention of Key Executives, these plans can include a restrictive endorsement that limits the executive’s access to the policy cash values until a certain date.