Insurance Companies

Executive Benefits

People have always been drivers of success at insurance companies of all sizes and types. Now more than ever, finding and retaining those people is critically important, particularly among the executive ranks. The people at MBS Financial understand all of the tools available to you to not only find and retain the right people, but to align their interests that drive results.

Nonqualified plans are no longer an optional benefit offering. Over 92% of the Fortune 1000 offers a plan(1)to differentiate, companies must craft intentional and compelling plans to meet executives’ needs. And Mullin Barens Sanford ensures eligible executives have the critical, confidential support they need to understand this valuable company benefit. With over 225 plans and 40 clients in the Fortune 500, our clients benefit from differentiated products and service, driven by 40 years of experience, innovation, collaboration and leadership.

ICOLI Placement

In addition to the need for quality benefit programs, insurance companies exist in a regulated industry which can make it difficult to finance benefit programs in a capital efficient manner. Insurance Company Owned Life Insurance (ICOLI) is commonly bought by insurance companies as an efficient investment asset to finance benefit plans and increase yield on total invested assets. ICOLI creates tax-advantaged yield and requires low risk-based capital reserving, regardless of the underlying investment within ICOLI.

It takes a partner like MBS Financial to lead an insurance company through the ICOLI acquisition process. MBS Financial maintains relationships with life insurance companies offering ICOLI solutions, understands the applicable financial and regulatory impact of ICOLI assets, and has significant experience with ICOLI placements at all levels of insurance company purchaser. Experience positions MBS Financial to help our clients find and negotiate the best ICOLI solution for their needs.

1 Current Practices in Non-Qualified Deferred Compensation. Newport Group, 2019.

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