Executive Bonus Plan

Service Description

An Executive Bonus Plan is a strategy businesses use to attract, retain, and reward key employees by providing a bonus used to purchase a personal life insurance policy. The business pays the premium as a bonus, which the employee reports as taxable income, but the company can often deduct the bonus as a business expense. This plan benefits both the business and the employee: the company strengthens loyalty and retention of top talent, while the employee gains a permanent life insurance policy with cash value growth and access to living benefits during their lifetime. It’s a flexible, tax-advantaged way to reward high-performing executives while providing long-term financial security.