NIW is independent of any insurance company that would provide the insurance policy for this strategy Employer Use Only Employees are vital to the success of any business The US market for talent acquisition is currently about ID: 685686
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Slide1
For Business Owners, Doctors, Executives, and Other Highly-Compensated Professionals
NIW is independent of any insurance company that would provide the insurance policy for this strategy.
Employer Use Only.Slide2
Employees are vital to the success of any businessSlide3
“The U.S. market for talent acquisition is currently about
$240 billion
”
(
Bersin
by Deloitte 2016)Slide4
“
40% to 80% of gross revenues
are spent on employee salaries
and benefit plans such as health
insurance and 401(k)s”
(Society for Human Resource Management)Slide5
Don’t Be Afraid of Being Different
Be Afraid of Being the SameSlide6
How Do You Retain Key Employees?
Even highly compensated professionals have financial concerns such as:
Need for a death benefit
Insufficient savings for retirement
Illness or disability
Long term care needsOffering additional benefits costs more money and requires long term commitmentsNot offering additional benefits costs as much as 400% of a key person’s base salary to recruit, train, and replace them
(Linkedin.com)Slide7
Are Your Current Benefits Effective In Retaining Your Top Employees?
Example: 45 Year Old Male Executive Benefit Costs to Age 65
Benefit:
Annual Bonus
Cost:
$10,000
Perception:
I will wait until I get my bonus to leave!
I rely on that money to pay my bills!
Non Qualified Executive BonusSlide8
Are Your Current Benefits Effective In Retaining Your Top Employees?
Example: 45 Year Old Male Executive Benefit Costs to Age 65 (Standard Health)
Benefit:
$1 Million Permanent Life Insurance Policy
Cost:
$10,000 x 20 years = $200,000
Perception:
“I don’t want to turn my kids into trust fund babies.”
Non Qualified Cash Accumulation Life Insurance
Hypothetical example and is not indicative of a specific productSlide9
The real reason companies can’t retain their top talent?Slide10
You are not providing them what they need to protect and grow their most valuable asset!Slide11
Imagine An Employer That Offered:
Life Insurance That Provides Protection and Accumulation Combined With Financing…
Protection Features
Death Benefit
Critical Illness
Chronic Illness
Terminal Illness
Accumulation Features
Upside Crediting
No loss of Cash Value 0% Floor Due to a
D
ecline
in an Index
Tax Deferred
Growth Potential
Tax Free Withdrawals
Leverage
3 to 1: Your Dollar Plus
Use of 3 More
Only 5 contributions
Use of Money Up To 15 Years
Borrow Rate LIBOR + 1.75%
No Financial Underwriting
Policy is the Sole Collateral of Loan
Up To 75% Of The Cost Paid For Using Leverage
Without Impacting Your Bottom Line
Disclaimers: 1. Policy loans and withdrawals will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject ordinary income tax. Withdrawals are generally income tax-free, unless the withdrawal amount exceeds the amount of premium paid. Tax laws are subject to change. Clients should consult their tax professional. 2. It is possible that coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage. 3. Guarantees are dependent upon the claims-paying ability of the issuing company. Receipt of benefits depends on rider and meeting certain qualifications, and varies by state. The use of one benefit may reduce or eliminate other policy and rider benefits. 4. Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event and may affect your eligibility for public assistance programs. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you. Access to the death benefit may be available through optional accelerated benefit riders in the event of a qualifying terminal, chronic or critical illness. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy. Living benefits may not be available with all carriers.