Bonus arrangements – sometimes called Executive Bonus Plans or Section 162 Bonus Arrangements – are a way to provide special benefits to the key employees and/or owners of a business. A bonus arrangement using life insurance that is owned by the insured is a way to reward key people.
Bonus arrangements, when used with a permanent life insurance policy owned by the employee, are easy to understand and simple to implement and can deliver the following benefits:
At National Life Group – we have a program called Bonus Plans 4 ½ ways – which helps identify at least 4 ½ different ways to design a bonus program. This demonstrates how flexible these programs may be.
Call us today at 800-906-3310, option 1.
1 If a deferred bonus plan is used, additional requirements and costs will apply.
This presentation will provide an overview of some of the key decision elements of different programs.
This presentation walks you through a series of basic questions and provides preliminary guidance for a suggested program based on the answers provided.
This presentation provides a high-level overview of other non-qualified programs that are available. Use this to present the basic differences among the plans and to garner motivation to create an executive benefit program.
The companies of National Life Group® and their representatives do not offer tax or legal advice. For advice concerning your own situation, please consult with your appropriate professional advisor.Legal Disclosure