Executive Bonus Plans
To motivate your executives to work hard and stay at your company, consider paying the premiums on a specially designed employee-owned life insurance policy. The premium amount becomes a compensation bonus to the executive. With these plans, the premium amount is tax-deductible to you, the employer. We structure these plans so the policy's cash value accumulation fund and death benefit can provide:
- Survivor Income
- Retirement Income
- Estate Liquidity
- Educational Funding
Want to sweeten the retention pot? You can add a restrictive endorsement that limits the executive’s access to the policy cash values until a certain date.