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The Executive Bonus Plan is a dynamic concept that is simple in operation. A key employee or executive owns insurance on his/her life and your business pays the premium directly or indirectly through a salary bonus.
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| An Executive Bonus Plan (Section 162 Plan) is an arrangement in which an employer pays all or part of the premium on a life insurance policy owned by the insured. |
| Executive Benefits is a collection of four businesses: Bank-Owned Life Insurance(BOLI), Corporate-Owned Life Insurance(COLI), executive carve-out benefits and our new Private Client Group. Executive Benefits can offer solutions for executive bonus plans. |
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