Episode #191: Using Life Insurance as an Executive-Retention Strategy


 

Job benefits such as a 401k retirement plan or medical, dental, and vision coverage have become commodities in the job market. For many business owners, having a variety of tax-efficient compensation plans has been critical in retaining employees who are essential to the operation of a successful business. What if employers could offer candidates cash bonuses and life insurance coverage, through a policy paid for with tax-deductible premiums?

In this episode of Money Script Monday, Laurence illustrates how companies can create a win-win scenario with an indexed universal life policy and an Executive Bonus 162 Plan to attract, attain, and retain top executives.

Resources Provided for This Episode


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About Laurence Williams

Laurence Williams is a Field Support Representative at LifePro. He coaches hundreds of financial professionals on how to build effective financial strategies that achieve their clients' long term goals and helps them stay educated on the latest industry trends.

Disclaimer

This information is meant for educational purposes only.

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