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Corporate Benefits

The Life Income Plan®
for Business

Will your succession plan be carried out by design or default?

You spent years building a successful business from the ground up. Now you’re looking for ways to recruit, reward and retain your key people, while building your own financial independence at the same time.

The Life Income Plan® for Business can provide protection for your biggest assets — the value of your business and your key people. The Life Income Plan® for Business helps provide strategies for personal financial independence, retaining top people, securing the value of the business, and establishing transition and succession.

We understand there is no one-size-fits-all financial solution for business owners and their families. We welcome the opportunity to work with you and your financial planner to develop a strategy just for you.

Your business is the key to your financial independence

Key features of the plan

  • A tax-deferred life insurance policy designed to mitigate the potential income gap left by traditional benefit plans. This helps business owners like you retire on a significant percentage of your final income while providing valuable protection for your loved ones.

  • A Supplemental Employee Retirement Plan (SERP) option for select key employees, giving them a vested interest in the business for a future benefit with possible access to liquidity should an equity opportunity arise.1

  • A one-way buy-sell agreement between you and your key employees, which can be funded from the acceleration of benefits from the key employee’s SERP.1

Contact us today

Contact us today to find out how The Life Income Plan® for Business can help you retain your top talent, as well as build your financial independence.

1 Assuming policy loans after withdrawals of the policyowner’s basis under a policy that is not a modified endowment contract (MEC). Loans and withdrawals reduce the policy’s cash value and death benefit, and withdrawals in excess of the policy’s basis are taxable. Under current rules, loans are free of income tax as long as the policy remains in effect until the insured’s death, at which time the loan will be satisfied from income tax-free death benefit proceeds. If the policy is surrendered, lapsed or treated as a MEC, any loan balance will generally be viewed as distributed and may be taxable to the extent of any gain in the policy.