AXL Insurance Group

 AXL Insurance Group is providing better insurance solutions through partnership with  A+ insurance rating experts with over 115 + years of experience  in the industry, and over 1 Million life & annuity insurance policies. AXL covered the market for insurance products with Term life insurance, Universal life insurance (permanent or Whole life) and Index Universal life insurance. The Accelerated Death Benefit (ADB) covers the policyowner who suffers a chronic, critical or terminally illness. The policyowner can access a portion of the death benefit. Dependent (child) age 15 months to age 18 years can be added to the parent or legal guardians insurance policy at (no additional cost). Any/all  temporary insurance can be converted to permanent life insurance creating an investment or savings account.

Term life insurance policy features:
 

• 10yr, 15yr, 20yr, 30-year renewable term life insurance up to age 120 years.
• Affordable rates.
• Accelerated Death Benefit (ADB)
• Child Rider 
• Nationwide coverage in All 50 states.

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Executive Bonus or Key Employee Life Insurance Plan

What is executive bonus plan using life insurance?

Executive bonus plans using life insurance, also known as an executive bonus plan, is a type of individual life insurance that can be used to incentivize and reward key employees. The employee owns the policy and can choose who they wish to be the beneficiary. Typically, an executive bonus plan is a permanent life insurance policy with the potential to grow cash value tax deferred.1 This cash value can then be accessed through withdrawals or policy loans at a later time, often to help supplement retirement income.

Who is eligible for executive bonus plan using life insurance?
 

Executive bonus plans can be offered to executives, owners or key team members of your business. This unique benefit option allows employers to reward long-term and high-performing employees with a bonus plan that provides advantages for both employers and employees.

What are the advantages of an executive bonus plan?
 

Offering an employer-paid life insurance policy can provide benefits to both the employer and the employee and act as a positive way to attract, recognize, reward, and retain employees who are important to the organization.

Employer benefits of an executive bonus plan.
 

An executive bonus plan is usually easy to implement and administer, and the company can choose which key employees it would like to offer this benefit to. Bonuses paid to the employee are generally tax-deductible to the employer and reportable as income to the employee. (The employer has the option to give the employee a double bonus to cover any taxes that may be due).

Employee benefits of an executive bonus plan
 

Several benefits may appeal to key employees who are offered executive bonus using life insurance. Along with protecting their family if the unexpected happens, employees may also have access to living benefits subject to eligibility requirements. Depending on the policy, they may be able to access the cash value for future needs. The benefit can also be used by accessing the cash and surrender values after the executive retires or leaves the company.

Complete Application:

https://docs.google.com/document/d/16Rn9lSWJE9ZFAa9X44hxLRDkrZkuEZlY03fahfhwqH8/edit?tab=t.0

Our partners have over 117 years’ experience, A+ rating A.M. Best S&P 500, Multi Index, euro Stoxx 50, Russell 2000.