How Life Insurance Can Help

Since the inside buildup of life insurance is tax-deferred, use of life insurance in a deferred compensation arrangement allows the employer to invest the plan contributions on a tax-deferred basis. The death benefit payable to the employer is generally income tax-free and can be used to pay any pre-retirement plan benefit or pay any post-retirement benefits. Our life products can be used in conjunction with different types of deferred compensation plans.

  • A supplemental executive retirement plan (SERP) uses employer dollars to provide select executives with supplemental retirement income.
  • In a salary deferral plan, the employee agrees to defer a stated amount or percentage of compensation in exchange for benefits starting at retirement or death. The employer receives a tax deduction at payout.
  • A 401(k) overlay plan allows the employee to put more dollars aside for retirement than would otherwise be possible in a 401(k) plan by contributing the excess available to a nonqualified plan.

Let us put a quote together for you.

Call (760) 320-1111


Schedule an Appointment