Restricted Employee Bonus arrangements allow
an employer to provide permanent life insurance to key employees.
Benefits include
Chosen employees feel motivated or rewarded by getting company-paid life insurance over and above what may be available as standard benefits to all employees.
Chosen employees are more likely to stay with the company to get maximum policy benefits.
Premium payments may be tax-deductible for the employer.
The employer may retain some control over the policy.
This module works hand-in-hand with a restrictive
endorsement and an employment contract to create a custom policy,
such that the vesting schedule, bonus method and “pay to”
commitment align with the legal commitments offered by the employer
and asked of the employee.
