Similar to the way a nonqualified deferred compensation plan provides an opportunity for executives to restore retirement savings rates restricted by IRS limits imposed on 401(k) plans, Supplemental Disability Income Plans can restore the income replacement rates limited for higher earners in Group Long Term Disability (LTD) Plans…

Last year, group life insurance companies experienced a record number of death claims. Two recent reports include:

MetLife’s adjusted quarterly earnings in the U.S. group-benefits unit plummeted 95% to $20 million, from $383 million the year-earlier with increased deaths of younger people (i.e., those under age 65) with employer-sponsored benefits. MetLife paid out $1.06 for each $1 of group-life-insurance premium collected.

Disability insurance tends to be one of the most overlooked benefit programs in corporate America today. However, an employee experiencing a disability event is a real threat to employers, as 25% of employees entering the workforce…

Learn about a new and easy option to offer your employees more coverage. The economic environment and health concerns brought on by the global pandemic have many Americans thinking more thoughtfully about financial plans and security.

Today’s economic environment and health concerns have many thinking differently about their financial plans. Life insurance has taken on a renewed prominence at the forefront of American’s lives, while providers have been innovating…

The Problem In January of 2019, the IRS issued Notice 2019-09 to clarify changes made to Section 4960 of the Internal Revenue Code (IRC) by the Tax Cuts and Jobs Act (TCJA). Within this notice, the IRS levies a 21% excise tax on…

What is a 162 Executive Bonus Plan? A 162 Executive Bonus plan allows a business to provide life and/or disability income insurance to key executives using tax deductible dollars. Insurance policies are owned by the executives…