Executive Bonus Plan

TWIA Insurance Group’s Executive Bonus Life Insurance Plan:

Empowering Success, Securing Futures

High-net-worth employees often seek more than just a handsome salary. They look for compensation packages recognizing their contributions, providing long-term financial security, and offering significant tax advantages. Traditional benefits can fall short of meeting these sophisticated needs, particularly in privately-held or smaller companies with limited benefit offerings.

Losing top-tier talent to competitors due to lackluster compensation strategies can be a significant blow, potentially disrupting your business’s flow and profitability. Standard retirement plans or deferred compensation options either come with high-cost inclusivity requirements or are reserved solely for upper management, leaving a gap in your ability to reward performance comprehensively. The result? A possible departure of your prized professionals seeking greener pastures and a talent vacuum that’s hard and costly to fill.

Enter the TWIA Insurance Group Executive Bonus Life Insurance Plan, an innovative approach to employee rewards that doubles as a robust financial planning tool. Under this arrangement, colloquially known as a Section 162 plan, your company can offer a life insurance policy as part of the bonus system. The premiums for these policies, paid by you, are treated as bonuses and are tax-deductible for your business, aligning with IRS codes.

What’s unique about this Executive Bonus Plan is its dual benefit:

For the Employer – You’re empowered to selectively reward employees, possibly tying these bonuses to performance metrics or tenure, creating ‘golden handcuffs’ that incentivize loyalty and sustained performance. The plan is straightforward, devoid of the bureaucratic red tape associated with traditional retirement benefits, and acts as a powerful tool in your employee retention arsenal.

For the Employee – They receive a life insurance policy where they’re the owners and can name their beneficiaries. The policy’s cash value grows tax-deferred, offering a lucrative avenue for supplemental retirement income and providing a safety net for their families in case of untimely demise. While the bonus has an income tax, the plan can be structured as a ‘double bonus’ to cover this tax liability, ensuring the perk is genuinely beneficial.

This plan isn’t just about life insurance; it’s a commitment to the employee’s future, a tangible testament to their value within your organization. The optional ‘golden handcuffs’ can be tailored through a formal agreement, ensuring that both parties know the tenure or performance requirements linked to the plan.

TWIA Insurance Group’s Executive Bonus Life Insurance Plan isn’t just compensation; it’s a career-defining benefit, a life-enhancing tool, and a loyalty-enhancer. It’s time to elevate your executive bonus system from routine to remarkable, securing your company’s most valuable assets – its top-tier professionals. Order your illustration today, and let’s safeguard your business’s future by ensuring your employees’ futures.

Invest in a plan where everyone wins.

Pricing: Depends on the answer to application questions

Purchasing Process: 1. Order Quote 2. Receive Email 3. Complete Application for Policy Issue

Requirements: Application

Estimated Time Frame: 20 to 30 minutes to complete the quote form and enroll.

Select “Add to Cart” to Order your quote now!