Executive Bonus

Retain and Compensate Key Employees with an Executive Bonus Plan.

Retain and compensate key employees by implementing an Executive Bonus Plan. An Executive Bonus Plan allows you to pay premiums of a life insurance policy on the employee’s life that pays out a cash value. It is a great incentive that results in higher employee retention and can contribute to your overall bottom line.

Why an Executive Bonus Plan?

• Reduce Employee turnover and save on the cost that you will typical incur to hire and retrain new employees
• Gain a tax deduction for your compensation
• Maintain or Increase your bottom line by holding on to key employees with added incentive
• It’s simple to create and can be terminated without IRS approval

To learn more about implementing an Executive Bonus Plan,
Contact Planning Needs Financial Group Today!