Golden Handcuffs

Talented and committed employees play a critical role in the success of your business. In today’s competitive business marketplace, it is becoming increasingly more difficult to attract and retain top key talent. We can help you enhance your employee benefits package to compete more effectively with the staying power of our products and services.

Whether you own a closely held business or you are a senior executive in a major corporation, you know that your business is dependent on the capabilities of your key people. Keeping key people is critical to the long-term success of your business. Increasing compensation, enhancing incentives and adopting new fringe benefits add to business overhead. Balancing the impact on the bottom line with the need to retain experience and expertise can be a challenge in today’s marketplace.

Split Dollar is a cost and tax effective method of providing life insurance protection to your key employees. The overall plan is tailored to meet the needs of your business and each key employee that you choose to cover. Moreover, as the owner of a business, you can obtain significant personal benefits from a Split Dollar plan of your own.

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Call us for rates and a Quote 866-392-INFO (4636)

Split Dollar by itself is great if the employee dies while the plan is still in effect, but what happens at retirement? Your business can create a supplemental executive retirement plan  (SERP), using your business’ interest in the life insurance cash values to fund the promised benefits. Withdrawals can be taken from the policy to distribute to the employee, or the entire policy can be transferred to the employee in a lump sum at retirement. As a form of “golden handcuffs,” the promised benefit to the employee can be made contingent upon the employee fulfilling certain requirements, such as remaining employed for at least ten years.

Call us today for more information on this type of coverage

866-392-INFO (4636)