Corporate Benefits - Life Income Plan℠ For Business

Corporate Benefits

Life Income Plan℠ for Business

Build and protect your business and your future

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 PlanSM for Business may be the answer. It is a comprehensive strategy for business owners seeking to retain key employees through a future benefit, while enhancing opportunities for tax-advantaged cash values to meet their own accumulation goals. It was designed to provide investment options to business
Life Income Plan℠ For Business

Key Features of the Plan

  • A tax-deferred life insurance policy designed to mitigate the potential income gap left by traditional benefit plans, helping business owners like you retire on a significant percentage of your final income while providing valuable protection for your loved ones, and
  • A Supplemental Employee Retirement Plan option (SERP) for select key employees, giving them a vested interest in the business for future benefit with possible access to liquidity should an equity opportunity arise.2
  • 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 Plan.2

Your business is the key to your financial independence

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

2Assuming policy loans after withdrawals of the policy owner’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, anyloan balance will generally be viewed as distributed and may be taxable to the extent of any gain in the policy.

Additional disclosures