Executive Group Enhancement Plans

Senior level executives face the unique problem of having to pay a great deal of income tax on the imputed value of their Group Term Life Insurance on the benefit in excess of $50,000. Where the coverage extends beyond retirement and where the executive lives a long life, the cumulative amount of tax paid can actually exceed the death benefit. Our Executive Group Enhancement Plan eliminates the problem by eliminating and replacing the Executive's Group Term Life Insurance.

Using Universal Life Insurance, our plans are designed so that no premium must be paid after Age 65 (or the tenth year, whichever comes later). The coverage remains in force for the life of the executive. There is no cost to the employer or tax to the executive after the premium paying period is completed.

Where Group Insurance plans are designed to provide coverage only to retirement, the use of an Executive Group Enhancement Plan as a substitute can create cash value for the executive at retirement which could be used to provide a post-retirement benefit without creating any additional cost to the employer.

For further information, contact us at 1-888-PLAN AHEAD or at info@vbscorp.com.