North American's business solutions
Funding an executive bonus plan with life insurance
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Whether your clients own a large company or a small family-operated business, their success depends on smart strategy and planning. North American Company offers business solutions using life insurance to help ensure that your clients are armed with a strong incentive to promote employee retention and help stabilize their business. An executive bonus plan can help reduce turnover of key employees that could result in potentially significant financial losses. Give your clients a win-win business solution with an executive bonus plan.
A winning solution for the business
- Provides an attractive compensation package
- Offers tax advantages for the business
- Can be offered to selected employees
- No IRS approval required
- Is easy to implement and administer
A winning solution for the employee
- Incentivizes employee retention with an attractive benefit
- Increases employee morale
- Cash value of the policy is tax-deferred
- Employee retains control of the policy as the owner
North American's leading-edge product portfolio has the competitive performance and compensation you're looking for in an executive bonus solution. Explore our Builder Plus IUL® (indexed universal life) insurance product to see how it may fit your client's business needs.
Get an illustration on your next executive bonus case!
Call sales development today at 800‑800‑3656 ext. 10411 or email firstname.lastname@example.org to help show your clients how life insurance can help your client's business remain strong.
Neither North American Company nor its agents give tax advice. Please advise your customers to consult with and rely on a qualified legal or tax advisor before entering into or paying additional premiums with respect to such arrangements.
Indexed Universal Life products are not an investment in the "market" or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance.
Builder Plus IUL is issued on policy form series LS183 by North American Company for Life and Health Insruance, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products, features, issue ages, endorsements or riders may not be available in all jurisdictions. Limitations or restrictions may apply.
FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.