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Executive Bonus Plans
Why Business Owners Love It:
Why Business Owners Love It:
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Great businesses are built by great people. An Executive Bonus Plan is a smart, tax-advantaged strategy that helps you reward top talent—while giving them a powerful tool to build personal wealth and security.
This plan allows you, as the business owner, to provide a life insurance policy with cash value to a key employee or executive. Your business pays the premiums as a bonus, and the employee owns the policy and its benefits—including living benefits and tax-deferred growth.
Why Business Owners Love It:
Why Business Owners Love It:
Why Business Owners Love It:
- Simple to set up—no IRS approval required
- 100% tax-deductible to the business (as a compensation expense)
- No limit on contributions like traditional retirement plans
- Helps retain and reward your best people
- The executive gains life insurance protection, cash value growth, and access to living benefits
Whether you're looking to motivate a top performer or create loyalty within your leadership team, an Executive Bonus Plan is a flexible, win-win strategy that benefits both your business and your team.