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Executive Carve-Out Long-Term Care Insurance
Retirement Security Plan
Corporate-Owned Insurance as Deferred Compensation

Executive Carve-Out Long-Term Care Insurance

Give your firm a competitive advantage with long term care insurance, available through the worksite for you and/or your key employees.

You know that hiring and training new executives can be expensive and smart companies try to retain their executives by making benefits available that help improve their executives’ quality of life. Individual long term care insurance for your key executives and their extended family members can help them protect themselves and their loved ones against the many burdens – both financial and emotional – associated with a long term care need.

There are several key benefits to a long term care insurance policy. Typically, individual long term care insurance policies obtained through a worksite offer may qualify for a discount on premiums. In addition, the policy is guaranteed renewable and fully portable.

The cost of tax-qualified individual long term care insurance premiums paid by your company may be fully deductible as a regular business expense, and executives will not be taxed on the long term care benefits they receive.

Retirement Security Plan

Our Retirement Security plan for allows for highly compensated individuals to continue contributions to retirement plans when a career-ending disability occurs.

When a highly compensated individual becomes disabled, contributions to their retirement plans stop. As a result, they can suffer catastrophic losses in their retirement benefits at age 65 - the very time when payments to them from their disability insurance plans usually terminate. Most people are unable to buy additional disability insurance to cover this risk because of the limit insurance companies place on disability insurance.

Our disability plan solves this problem by enabling highly compensated individuals to purchase up to an additional $1,000,000 in tax free benefits - regardless of the amount of disability insurance they already have. When they become disabled, these benefits will be paid to them to be invested so their retirement assets will grow just as if they were working.

The plan may be issued individually or on a group basis without medical examinations if at least 10 employees participate.

Corporate-Owned Insurance as Deferred Compensation

If you are looking for a valuable fringe benefit for yourself or a key employee, consider a universal life insurance with long-term care benefits. It offers guaranteed benefits that can reimburse key executives for qualified long-term care expenses, as it helps to protect retirement assets. Reimbursements are income tax-free, and your business is entitled to a tax deduction for any long-term care benefits paid. Another advantage is its money back guarantee, which gives you the flexibility to obtain a return of premiums paid.

We will show you how this benefit to yourself or a key employee is also a very valuable benefit to the corporation.

Sectors We Serve
Individuals & Families
Credit Unions
Human Service Agencies
Foresight Financial Planners, Inc.
950A Union Road, Suite 206
West Seneca, NY 14224


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