Executive Benefits Plans

Executive Benefits& Key Employee Programs: Talented and committed employees play a critical role in the success of your business.  In today’s highly competitive marketplace, it is becoming increasingly difficult to attract and retain top talent. Salary is no longer the sole compensation driver. Employees are also looking at an employer’s overall benefits package and its potential to help protect their families and adequately prepare them for retirement. As a business owner, you can offer insurance and key employee benefits that can make a difference for both your executives and your business.We can help you enhance your benefits package to compete more effectively.

What would happen to your business if you, your business partner, or a key employee were to unexpectedly die or become too sick or injured to work? There’s no doubt that this would have a tremendous impact on your business and its continued success. But there’s good news: this is something you can plan for.

Having the foresight to protect your business against the loss of an owner or an essential employee—perhaps the company’s most valuable asset. Just as you would insure your business property, you should also consider insuring the people who have the biggest impact on your company’s success. We can help with business planning strategies that are designed to protect your business from the unexpected and help ensure the business you’ve worked so hard to build withstand the test of time.

As a business owner, you know being prepared for anything is part of who you are. If one thing is certain today, it’s that you can’t be certain about what will happen tomorrow. You can, however, be certain that you’ve taken action to help protect yourself and your business from the unexpected.

Consider a few of the following options to help protect your business:

Disability Income Insurance: Most likely, your company has already taken the appropriate steps to protect the business in the event of the death of an owner or partner. But have you protected the business in the event of a more common scenario – an owner’s or partner’s long-term disability?

Life Insurance: Learn how life insurance can help you protect your business from the unexpected death of a key employee.

Long Term-Care Insurance: Having long term care insurance is part of smart business planning and can help protect your business and family if a long-term care need should arise.

Business and Succession Planning: For many business owners, achieving personal financial freedom depends on perpetuating a business and converting its value into financial assets. Our advanced case design team can suggest programs that can meet multiple objectives.

The death or disability of an owner is one of the greatest threats to a business. Not only can it severely impact the day-to-day operation of the business, but it can raise all sorts of business succession and estate tax problems – proper succession planning can help.

Succession planning affects everyone who has an interest in the business—business partners, family members, and key employees. It is critical that you have meaningful discussions about often overlooked issues, such as who the ideal successor should be, what is the value of the business, and what is the timetable for transition. No matter what event occurs, either expected or unexpected, we can help you develop a succession plan that can help ensure a smooth transition according to your vision for the business’ future. This is where we come in.

Business Planning Services

Creative Benefits offers the following Executive Benefits Programs:

Executive Benefit Plans Including: Deferred Compensation, Split Dollar Bonus Plans, Executive Bonus Retirement Plans, and Corporate Owned Life Insurance

Business ContinuationPrograms Including: Business Overhead Insurance, Disability Buyout, Buy-Sell Arrangement Funding, and Key Employee Insurance.

Employee Benefits Products Including: Managed Care Medical Benefits, Dental Benefits, Vision Care Benefits, Flexible Benefit Accounts, Group Life Insurance, Short-term & Long-term Disability Income Insurance, and Group Long-Term Care Insurance.