Executive & Owner Benefits
Risk Management
Strategies
- Personal Life Insurance:
Insurance which helps provide for the
surviving spouse and children. Depending on the situation,
life insurance can also be used as a supplemental savings
vehicle or as part of an executive's benefit package.
- Disability Income Insurance:
Insurance which provides an income if an executive
or owner becomes sick or injured and cannot work. Other
types of Disability Insurance include Overhead Expense Insurance
or Disability prompted Buy-Sell funding. Contact
us for further information.
- Key Person Insurance:
Life insurance which is used by the company to help replace
a key employee after an untimely death.
- Buy-Sell Funding: Life
and Disability Income insurance policies can be used
to fund Buy-Sell agreements.
Retirement
Planning
- Nonqualified Deferred Compensation
Programs: Mostly used when an employer wants to select
certain key employees for which to help provide additional
retirement benefits.
- Executive Bonus Programs: A
key employee benefit which can provide supplemental retirement
income or provide survivor benefits at the discretion of the
employer.
- Qualified Defined Benefit Plans: An
employer sponsored retirement plan for which retirement benefits
are based on a formula indicating the exact benefit that one
can expect upon retiring.
- Custom Carve Out Plans
Business Succession
- ESOPs (Employee Stock Ownership
Plan): A defined contribution employee benefit plan
that allows employees to become owners of stock in the company
they work for.
- Family or Employee buyouts
- Stay Bonus: A
cash lump sum payable if the individual remains with the company
until a specific date or event.
Estate Planning
- Current & Future Estate Tax
Liability Solutions
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