Thomas L. Deleot CLU ChFC

CONNECT

Address:

1018 Brookstown Ave
Winston Salem, NC 27101

Phone:

336-723-0014 ,Cell: 336-403-7904

Fax/Other:

336-724-3881

Section 162 Bonus Plan

Section 162 Bonus Plan

 

Employer bonuses life insurance premium to executive plus enough to pay taxes. Employee builds cash value with no tax on earnings. There are several variations of this concept. It can have restrictions that make it a good short term golden handcuff.