Supplemental executive insurance programs provide additional benefits for owners and key executives to address those shortcomings in group benefits that often discriminate against highly compensated employees. You can learn more about the types of supplemental programs we offer below.

Executive Life Insurance Plans

Typical company-sponsored life insurance benefits provide a term benefit that ends when the executive leaves or retires from the company. Executive Life Insurance Plans can also provide owners or executives with:

• Death benefit protection that continues after retirement
• Portability—not tied to a group plan
• Significantly larger face amounts than offered through the group life plan
• A cash value component
• Flexibility—use for estate tax funding or as a supplemental retirement plan.

Enhanced Disability Insurance

Disability insurance helps replace lost income should a key executive be unable to work due to an illness, injury, or accident. Typical group long term disability plans may limit the amount and type of income covered for executives. Enhanced Disability Insurance plans can reduce or eliminate these limitations for key executives, and may help the company provide the same percentage of salary replacement as that of lower paid employees including:

• Coverage of incentive income, including bonuses and stock grants
• Improved overall plan maximums and replacement ratios that significantly reduce reverse discrimination
• More comprehensive product features designed for executives
• Coverage for retirement contributions.

Executive Long Term Care Insurance (LTC)

Long Term Care insurance can help protect the assets of executives and their spouses from the financial impact of receiving care at home or in a facility for an extended period of time. Most health and disability plans do not cover these costs. Coverage can be purchased as an additional benefit for an executive’s retirement program and, in some instances, can be fully paid for the executive prior to retirement.

For a no-obligation quote, use our online Quote Forms under Resources or call 480.998.0096.