more than a plan.
80 years

Executive Bonus Plans

Your key employees are an important reason that your business is profitable. An executive bonus plan is a method of compensating selected key employees by paying the premiums of a life insurance policy on the employee's life.

Benefits to the employer:

  • Can reward key executives
  • Selective participation is allowed (no discrimination rules)
  • Costs are tax-deductible
  • Creation of plan is simple
  • No administration
  • Amounts of coverage on various employees can differ
  • Plan can be terminated without IRS approval or restrictions
  • A restrictive endorsement can be implemented to limit immediate access to cash values

MaximGroup will help you reward your key employees for creating profits for your business. Let them know they are an asset to your business.

Insurance Atlas

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MaximGroup
18050 Saturn Lane, Suite 200
Houston, Texas 77058
281.337.2516 phone
281.337.2078 fax