We can help you understand how to leverage insurance solutions
that deliver maximum benefits to you, your key staff members and
your organization.
- Key Person Life Insurance
Protect your
business from financial losses upon the death of a key employee
critical to business operations. Key person insurance can function
as a form of commercial loan protection and can provide needed
funds when a business is to be continued, sold or liquidated.
- Executive Equity
Provide selected
employees with valuable Executive Equity life insurance in their
benefits package. Employer-paid premiums are fully tax-deductible
as compensation to the employee with death benefits paid directly
to the employee's beneficiary.
- Key Person Buy-Out Agreement
Ensure a
seamless business and stock transfer solution upon the death of a
key owner. This strategy allows a key person to insure the life of
an owner under the arrangement that the owner agrees to sell all of
his business interest to the key person upon the owner's
death.
- Restrictive Bonus Plan
Offer an
attractive "golden handcuff" to key employees with a restrictive
bonus plan life insurance benefit. Tax-deductible employer-paid
premiums and restrictive employer endorsements protect corporate
interests during the lifetime of the employee.
- Deferred Compensation
Allow selected
management or highly compensated employees to defer income until
after retirement. Deferred compensation insurance offers multiple
tax advantages to both the employer and the participant, and the
plan can also be structured to provide disability benefits to the
employee.
Let us help you design insurance solutions that offer your key
employees the quality insurance benefits they deserve and provide
your organization with the protection and business advantages you
need. Contact your Stephens Insurance Advisor at
1-800-852-5053.
The expenses involved in providing employee benefit plans are
major overhead components for most banks. Any financing tool that
can lower or stabilize this cost is of great value. Bank-Owned Life
Insurance (BOLI) is a powerful tool available to help banks develop
a solid employee benefits strategy.
Stephens Insurance provides experienced consultation and
superior products to assist our banking clients in designing
strategic, cost-effective Bank-Owned Life Insurance solutions.
Since 1987, banks have successfully profited with
Bank-Owned Life Insurance, and in the past few
years BOLI has gained wide acceptance within the banking community
as a sound financial strategy.
Recent studies have suggested that benefit plan expenses will
continue to increase at a much faster pace than the rate of
increase in banks' interest income. Any plan that can control this
increase makes good financial sense.
Banks gain several advantages from using BOLI:
- The plan's yield is greater than that available from
alternative investments.
- The long-term nature of the program corresponds with the
extended time horizon of benefit plan expenses.
- Most banks have found that BOLI can provide after-tax returns
200 to 300 basis points higher than traditional bank investments
with low risk.
Let us help your bank develop a solid employee benefits
solution. Contact your Stephens Insurance Advisor at
1-800-852-5053.
Stephens Insurance custom tailors Corporate-Owned Life Insurance
(COLI) solutions to fit the specific needs of companies financing
non-qualified benefit plans. With Stephens Insurance, your
corporation has access to highly competitive COLI products and
services that can help attract and retain key executives.
COLI solutions can help your corporation
fund:
- Survivor Income Plans
- Deferred Compensation Plans
- Post-Retirement Medical Benefits
- Supplemental Executive Retirement Plans
At Stephens Insurance, we make long-term commitments to the
success of our clients' businesses. Our experienced COLI advisors
will work with you to review and evaluate your existing plans and
to put in place a COLI solution that can enhance benefits, reduce
costs and provide the best tax advantages for your company.
Contact your Stephens Insurance
Advisor or call us at 1-800-852-5053 for a
free consultation.