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Multi-life insurance

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Multi-life insurance optimizes your business

Our life insurance solutions for businesses empower you to serve your company’s financial interests while offering financial stability for your employees.

Recruit and retain talent

Facilitate the attraction and retention of key talent by using life insurance to informally fund employee benefits.

Business continuity

Use life insurance to survive a key person’s disability, retirement or passing, while supporting succession planning.

Financial security

Secure employees’ families, informally fund benefits to reduce impact to cash flow, and offer cost-effective insurance through institutional pricing.

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Solutions made for you

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A SERP is a nonqualified deferred compensation plan that provides additional retirement income to key executives beyond traditional plans. Employers can choose between defined benefit SERPs, offering predetermined benefits based on salary and service, and defined contribution SERPs, with contributions to individual accounts.

These plans may offer tax advantages and a beneficiary payout if the executive passes away prematurely.

NQDC plans are employer-sponsored arrangements that permit executives to defer a portion of their income to a future date, typically retirement, allowing their funds to grow tax deferred. The accumulated funds can be used to pay out the deferred compensation, and the executive’s beneficiaries receive financial support if the executive passes away.

An executive bonus plan allows businesses to provide life insurance benefits to key employees by paying the premiums as a bonus to the executive who owns the policy.

This arrangement offers cash value growth, death benefits and a tax-deductible solution for the employer.

Key person insurance is a life insurance policy a business takes out on a vital employee whose death could disrupt operations.

The death benefit provides funds to cover financial losses, recruit and train a replacement, and stabilize the business during a transition.

Split dollar plans are customizable arrangements in which an employer and an executive share the costs and benefits of a life insurance policy — either as a loan arrangement or an economic benefit arrangement.

By sharing ownership and premium payments, employers can provide executives with valuable life insurance coverage while retaining flexibility over the policy's cash value.

Buy/sell agreements use life insurance to fund the transfer of business ownership in the event of an owner’s death or disability.

The life insurance proceeds provide liquidity to remaining owners or the business, ensuring a smooth transition while securing the financial future of the departing owner’s family.

Life insurance-based income solutions provide retirees with a reliable source of income through policy loans or withdrawals from accumulated cash value.

These solutions offer financial stability and protection while leveraging the policy’s benefits to supplement retirement income.

Resources

NFW-112114AO

NFW-12115AO

NFW-12116AO