This session will discuss the benefits and advantages of an Executive Bonus plan using life insurance. We will also touch on the topic of using Cash Back Term insurance to retain and reward key employees.
Advantages of Executive Bonus
- No Contract Required
- No Administration Fees
- Cash Accumulation
- Customized incentive plan-based on performance
Running a service business in today’s environment can be tough. Attracting and retaining qualified employees is an obstacle that all business’s deal with.
Executive Bonus arrangements are an ideal solution. The employer has the ability to reward only selected key employees and the costs are typically tax deductible.