A non-qualified deferred compensation plan can be an extremely attractive employee benefit and life insurance can play an important role in informally funding such a plan because of the financial benefits it offers. Insurance provides for cost recovery when the employee dies, and affordability by combining tax deferred cash value growth and benefit payments deductible when paid.

Putting together a plan to help ensure your financial success can be a complicated process. The MassMutual Financial Group companies can help you with this and other business solutions.