Successful businesses and key employees go hand in hand. Often, a successful business has at least one key employee who is responsible for the success or failure of the business. If a business loses one of these key employees, a business can experience several problems. Reduction in Earnings – If a few key employees are … Continue reading What is a Selective Executive Retirement Plan?
In our last article, we introduced group term life insurance plans and how any employer, large or small, could implement this as a means of providing benefits to employees. We discussed advantages and disadvantages under these group term plans, particularly how such plans do not offer much flexibility in providing additional benefits for key employees. … Continue reading A Deeper Look at Group Carve-Out Plans
The successful businessman, Andrew Carnegie, stated, “Take away my factories, my plants; take away my railroads, my ships, my transportation; take away my money; strip me of all of these, but leave me my men and in two or three years, I will have them all again.” Carnegie understood that in order to be successful, … Continue reading How to Solve Executive Benefit Planning Issues