Variety of investment choices. Defined benefits or money purchase plans available. Disability buy out, also buy out at the death of a partner. Corporate or personally paid. Top up group benefit amounts or full plans for selected employees.
Premiums can be tax-deducted.
Premiums tax deductible and expenses are paid be the plan. Lump sum payment when a key employee dies to cover loss of his expertise and to retrain new person. As your assets and personal net worth grow, so do the tax liabilities that may arise on death.