Articles

162 Executive Bonus Plan to Reward Employees

Jeff Root Jeff Root
Posted in Business
Executive Bonus Plan

A 162 Executive Bonus Plan lets business owners reward key executives without incurring additional tax exposure. At its core, a 162 Executive Bonus Plan should feature a whole life insurance policy. Here’s how it works: The company buys the policy and pays the premiums on behalf of the employee. The employee names beneficiaries for the.. Read More

Collateral Assignment of Life Insurance

Jeff Root Jeff Root
Posted in Business
Collateral Assignment

A life insurance collateral assignment can strengthen your borrowing power, but it could also leave your family more exposed financially if you died unexpectedly. Before making a collateral assignment, take a few minutes to consider how the decision could affect everyone involved. By finding the right balance, you can benefit from the collateral assignment while.. Read More