Depending on the goals of the corporation and the way that the insurance is set up, deductibility varies Cost to corporation Increases as group ages. Most plans are level premium contracts. Section 79 requirements apply. Section 79 requirements apply. Generally benefits must be uniform percentage of compensation for all participants.
Coverage can vary from executive to executive.
Underwriting Group underwriting depending on size of group and is usually guaranteed issue. Medically underwritten for each individual. Usually terminates or is reduced sharply due to increasing employer costs. Can be continued beyond retirement with no increased employer cost. Employee cost remains equal to the PS58 costs.