Executive Bonus Plans allow businesses to provide employees with permanent life insurance benefits as a form of compensation. The business pays the premiums and the executive receives a valuable financial asset they can use for long-term security, cash value growth, and retirement planning.
PXNCL helps structure and implement these plans to align with retention goals, budget requirements, and long-term business strategy.
PXNCL supports companies across the country in rewarding and retaining leadership talent with clear, structured, long-term incentive strategies.
Deep experience in designing executive benefit programs that support retention and long-term value.
Clear, direct guidance so business owners and executives understand the structure and benefits of the plan.
Flexible, tax-efficient strategies tailored to your compensation goals and leadership needs.
Ongoing assistance to adjust contributions, structure updates, or retention strategies as your company grows.
An Executive Bonus (162) Plan is a business strategy where a company provides life insurance benefits to key executives as additional compensation. It helps attract, reward, and retain top talent.
Yes! In most cases, the premiums paid by the business are tax-deductible as a compensation expense, subject to standard IRS rules.
No. The executive owns the policy, controls the benefits, and names the beneficiaries, giving them long-term personal value.
Yes! These plans are often designed with incentives that encourage executives to stay with the company long-term to receive full benefits.
No! Executive Bonus Plans are relatively simple to set up and manage, especially compared to other executive compensation strategies.
