Like many other businesses, your company may employ key executives who are critical to your success. As competitors will try to attract these people from your company, you need to have a strategy to help you attract and retain these highly talented and driven employees.
Most companies offer group benefits with life, and disability pay outs driven by a percentage of salary. These plans will also have benefit maximums that will leave most executives with less coverage than they need or are entitled too.
There are many different types of executive benefits plans designed to help you compensate executives, as well as, protect current premiums with in your group plan should an executive require these benefits.