In today’s post COVID world, are you finding it hard to keep your best people happy, while making sure that you don’t overpay the rank and file employees? Well maybe a Phantom Stock Plan, informally funded using key man life insurance, might be an answer.
Check out this sample program from one of our carriers, Guardian. It outlines these benefits in easy, simple to understand discussion pages, and then shows you the cash flow from the business, the benefits provided to the participant and his family in case of pre-retirement death, and the flexibility available to the company in funding this benefit, that, depending on the age and tenure of your employee, can provide a significant supplemental income at retirement that prevents them from leaving for a few extra thousand in compensation
Click on the following link for a copy of a Phantom Stock Sample. Then, if you’d like to a have a custom design done for you or your company, give us a call at 610.292.9330 or send us an email at [email protected]
What would happen if your business partner died suddenly? You’d be in business with his/her widow. Do you really want to do that?
No. Instead, you want to buy the “cheapest” insurance you can buy at the lowest cost. But many times, you need insurance for 20 or 30 years. In addition, when you pay that premium, it’s gone.
What if you could have the same cash flow for a permanent policy as a term insurance policy, have the bank pay your premium, and then in the future, create a stream of income that potential buyout you or your partner in retirement? Wouldn’t that be the best of all words? Well you can. You just have to be able to qualify.
Would you like to know how to get a discount on your life insurance Do you like wearing your fitbit to track your steps and your workout? Well that same tech can help you save money on your life insurance with some carriers. Check out this short video about this new feature from the carriers and then give us a call. We can help you save money on something that you already need.
Helping Business Owners and their Key Employees Retire Happily Ever After