BY: Thomas J. Perrone, CLU, CIC
Here is a benefit that is a win-win for the key person and the employer.
What it does!
- Provides a great Pre-Retirement Benefit for the Key Person – assuring a completion of the 401k/403b plan FOR FAMILY SECURITY
- Protects the Employer from losing the cost to provide the benefit if the key person leaves prior to their agreement
- Provides the Key Person a great benefit should they fulfill their agreement with the Employer
- Completes the purpose of the Key Man Golden Handcuff benefits
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