The Golden Executive Bonus Agreement
A compensation tool designed to reward select executives with cash value life insurance
Attracting, motivating and retaining key executives takes a competitive compensation package that includes more than a salary and a bonus. Until recently, government regulations made it almost impossible to single out and reward those employees you value most.
The Golden Executive Bonus Arrangement (GEBA) can be a solution for rewarding and retaining your most valued executives. This tool gives your company a current income tax deduction through the purchase of cash value life insurance, while maintaining control to encourage an executive to stay with your company.
Other advantages of life insurance funded GEBA include:
- You decide who participates
- You can tailor it to the needs of each executive
- It is income tax-deductible for your company
- You can adjust the benefit to meet your future needs
- It is easy to get started
If you're looking for an executive compensation tool that helps you retain one or more key executives, consider using life insurance in a GEBA.
Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods. Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.