Eligible for dividends, if and when declared by the Company. 1 Death benefit may increase annually with paid-up additions purchased from dividends. Death benefit, in most instances, is free from federal income tax. 2 Individual should consult their own advisors as to whether a pension maximization concept is appropriate for their situation. It can be used as an attractive employee benefit, and as a means to assure the business's financial future.
Employee is covered by an insurance policy while premiums are paid by the employer.
The employer owns the policy, but the employee can name the beneficiary. Upon the death of the employee, the employer receives proceeds equal to the cash value of the policy, while the beneficiary receives the remaining proceeds. Offers employers the opportunity to provide permanent, cash value life insurance to select employees, while keeping the costs low. Offers employers the opportunity to provide benefits to employees at a later date, such as at retirement. Available Riders You can choose from a wide variety of policy riders to meet your specific needs.