Strategies for your client

Based on your responses, your business client may benefit from an Executive Bonus plan, Split Dollar plan or SERP.

Executive Bonus plan   

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See how an EXECUTIVE BONUS PLAN works for business owners concerned about:

  • An income tax-free death benefit for their beneficiaries
  • Tax-deferred growth opportunities
  • A tax-efficient financial resource through income tax-free policy loans or withdrawals*
  • Providing benefits with tax-deductible dollars

  
Split Dollar plan

Businessman and construction worker looking at plans

See how a SPLIT DOLLAR PLAN Works for business owners concerned about:

  • Providing cost-efficient fringe benefits
  • Utilizing strategies that have minimal impact to their balance sheet
  • Designing custom plans for themselves and selected employees
  • Creating an attractive retirement benefit using business dollars

 
Supplemental Executive Retirement Plan (SERP)

Two men talking at a table

See how a SERP PLAN Works for business owners concerned about:

  • Funding fringe benefits using business dollars
  • Having a retirement income shortfall
  • Contribution limits on qualified plans

*Income tax-free loans and withdrawals will reduce the policy’s cash value and death benefit. Distributions are taken through loans and withdrawals, which reduce a policy’s cash value and death benefit and may cause the policy to lapse. Loans are not considered income and are tax-free. Withdrawals and surrenders are tax-free up to your cost basis, provided your policy is not a modified endowment contract (MEC). A MEC policy is one in which the life insurance limits exceed certain high levels of premium or the cumulative premium payments exceed certain amounts specified under the Internal Revenue Code. For policies that are MECs, distributions during the life of the insured, including loans, are first treated as taxable to the extent of income in the contract, and an additional 10% federal income tax may apply for withdrawals made prior to age 59½.