Split Dollar Plans

This type of plan lets you buy the full amount of life insurance coverage you need without paying the premiums personally, the business pays them instead. Your cost is the “economic benefit value” of the life insurance protection. The business is able to recover the greater of the premiums it pays or the policy’s cash value from the policy death benefit upon your death.

Other types of Executive Benefits:
+ 401(k) Look-Alike Plans
+ Nonqualified Deferred Compensation Plans
+ Supplemental Employee Retirement Plans (SERP)
+ Executive Bonus Plans