Executive Bonus (EB) plans allow employers to
provide life insurance to key employees and get a corporate tax-deduction
for the premiums. These plans are popular with employers because,
in addition to the tax benefit, they are easy to implement and
administer. The employer can plan for a pre-determined annual
outlay and choose to end the plan at any time.
Employees like an EB plan because they get complete
ownership and control of the insurance and its cash value.
With the Executive Bonus module, producers can
address needs for:
