Executive & Key Employee Benefit Plans

Executive Benefits

The Ward Agency realizes the importance of retaining your top executive talent and ensuring they are rewarded with high-level benefits and compensation.

Navigating the complex and changing regulations governing executive benefits requires an expert consultative partner who can design the program that best fits the unique needs and dynamics of your company.

The Ward Agency is extremely well-versed and competent in executive benefit packages, including methods that will result in solid tax advantages for both employers and executive employees.

From Non-Qualified Deferred Compensation Plans and Executive Bonus Plans (Section 162) to Split Dollar Plans and Supplemental Disability Income Insurance, we can design executive benefit packages that are tailor-made for your organization.

Key Employee

Most organizations employ at least one individual who is essential to the company’s success. This person may be a partner, owner, majority stockholder or another individual who is crucial to the business. If this person unexpectedly leaves the organization – due to a death, disabling accident or an immediate resignation – it may be hard for the organization to survive without the person who makes the business run smoothly.

If your organization employs individuals who are vital to its success, key-person life insurance or key-person disability insurance can help protect your business from such an occasion. These insurance solutions can give your organization options other than immediate bankruptcy should you lose the key person or people without warning.