Executive Bonus Plans
Copyright © 2012 Navali & Company. All rights reserved.
Driving HealthCare Solutions.
An executive bonus plan allows a business to purchase life insurance on selected key executives on the company, including yourself.
These plans can help you plan for the future and provide tax-deferred strategies for retirement, estate liquidity, death benefit protection and much more.
Why provide Executive Bonus Plans?
• Reward top executives in a tax deductible way
• Encourage executive loyalty
• Select participants without any discrimination rules
• Create a plan that is simply to manage
• Own a life insurance policy
• Cash value for retirement on a tax-deferred basis
• Receive a cash death benefit for beneficiaries
How it works?
Purchase life insurance that is paid by the business. The business owners can pay the premium directly or indirectly through a salary bonus. The bonus amount is deductible as a ordinary business expense. The bonus amount is taxable to the employees just like any other cash bonus.
For Assistance Call (888) 6 - NAVALI
Monday - Friday 8 AM to 5 PM PST