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Empower Leadership with Tax-Smart Incentives.
Executive Bonus Plans offer a simple yet powerful way to reward key employees with additional compensation—often in the form of life insurance—while providing tax advantages for both the business and the executive. It’s a win-win strategy for retention and long-term value.
An Executive Bonus Plan (also known as a Section 162 Plan) is an easy-to-administer strategy that allows businesses to provide selected executives or key employees with additional compensation—typically used to fund a life insurance policy with cash value benefits. The bonus is tax-deductible for the business and offers long-term financial advantages for the employee.
Unlike traditional retirement plans, Executive Bonus Plans have no contribution limits, making them ideal for high earners. The employee owns the policy and can access the cash value for future needs like retirement, education, or emergencies. It’s a simple way to enhance your benefits package and reward loyalty and performance.
At Bora Financial Services, we help you design Executive Bonus Plans that align with your business goals and reward those who drive your success. It’s a smart, scalable way to show appreciation—and build lasting commitment.
It’s a compensation strategy where the employer gives a bonus to the employee to purchase a life insurance policy.
Yes, but the employee owns the policy and gains its long-term benefits, including potential cash value.
It’s simple, flexible, and helps attract or retain key talent without the complexity of formal retirement plans.
CEO and Founder of Bora Financial Services
Insurance Policies Specialist
These days, it’s especially important to have a trusted professional guiding your choices. With 10 years’ experience, I’ll personally evaluate your situation and needs. Together, we’ll help protect your family’s wealth, lifestyle, and future.
Peace of Mind for Every Chapter of Life.
Your living benefits – life insurance that you access the death benefit before death, gives you strength through life’s toughest turns.
Because life doesn’t always go as planned — but your protection can.
