Executive Benefits and Business Continuity Planning
Empowering your success. Securing your legacy.
Executive Benefits and Advanced Life Insurance Solutions
In today’s dynamic business environment, organizations face increasing challenges. Effective leadership plays a pivotal role in navigating them, and Hylant recognizes the indispensable role top executives hold in guiding a company.
The loss of such a figure poses substantial risks, from negative financial impacts to challenges associated with replacing key intellectual capital. As a trusted advisor, Hylant stands ready to assist your business in formulating a strategic approach to attract, retain and reward top-tier talent and protect your business when a key person leaves.
Solutions Tailored to Your Company's Needs
Hylant will work with you to create a unique program tailored to address your specific concerns about retaining top executives and planning for their expected or unexpected departure. It could include one or more of the following elements:
Executive Benefits
Key Executive Retention Plan
This program helps you retain your highly compensated top talent by providing employer-funded supplemental retirement benefits that are tax-efficient and cost-effective for your company.
Nonqualified Deferred Compensation (NQDC)
An NQDC program offers highly compensated individuals the opportunity to defer and accumulate additional capital for retirement on a pre-tax basis, enabling your business to provide a best-in-class benefits package for key executives.
Business Continuity Planning
Key Person Life Insurance
The sudden death of a key individual can jeopardize organizational stability and financial security. Key person life insurance strategies support your company’s business continuity by providing tax-free funds paid to the company, allowing your company to ensure business continuity and facilitate any necessary transitions.
Buy/Sell Agreements
Structured business continuation plans are vital for operating smoothly during an ownership transition. Many businesses have a plan to transition the business but may not always address how to fund this transition. Using life insurance to fund your buy/sell agreement can support a smooth ownership transition at optimal tax efficiency.
Tax Liquidity Planning
The tax implications of passing along your business and estate upon your death can be immense. This liquidity event can negatively affect loved ones or your business. With the proper tools and planning, we can help you minimize the impacts of this liquidity event in a highly cost-efficient manner.
Connect with a Trusted Executive Benefits Advisor
Rich Vogel
Managing Director, Executive Benefits
Atlanta
Bob Kelleher
Senior Vice President Employee Benefits
Toledo