Non-Qualified Deferred Compensation Using Life Insurance
Principal's Business Owner and Executive Solutions (BOES) is here to help retain top clients
Successful businesses need capable leaders, but attracting and retaining top executive talent can be tricky. Especially since the savings offered by qualified plans alone may not be enough to maintain their current standard of living in retirement.
Fortunately there are ways to stay ahead of the competition to keep and retain your client’s key employees. A non-qualified deferred compensation plan can help boost your key employees’ retirement savings. It allows them to save above and beyond the limits of a 401(k) or 403(b) plan. Plus, they may be able to take advantage of tax benefits not offered with other savings options.
Watch this quick video from Principal to learn how to attract and retain these top clients. Additionally, there are some resources available from Principal below.
Many of our carriers can offer valuable solutions for a number of scenarios. The Principal specializes in providing deferred comp plans and administrative services designed to meet the unique needs of you and your financial professionals. With more than two decades of experience, The Principal has committed specialized resources to nonqualified solutions. Trust an industry leader to give your deferred compensation plan an edge.
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