Life Insurance Beneficiary Review: When to Update Your Policy After Major Life Changes
life insurance beneficiary review: learn when to review life insurance beneficiaries after marriage, divorce, a new child, a death, or other major changes.
Read moreMedicare Advantage vs. Medigap vs. Part D: How to Compare Your Coverage Options
Medicare Advantage vs Medigap: compare Medicare Advantage, Medigap, and Part D, including provider access, drug coverage, out-of-pocket costs, premiums.
Read moreLife Insurance for Stay-at-Home Parents in Texas: Protecting the Work Your Family Depends On
life insurance for stay-at-home parents Texas: stay-at-home parents provide valuable services that would cost money to replace.
Read moreRestricted Executive Bonus Arrangements (REBA) Explained
A standard Section 162 executive bonus plan gives the employee immediate, unrestricted ownership of a life insurance policy — which is great for rewarding...
Read moreWhat Type of Life Insurance Is Best for a Section 162 Executive Bonus Plan?
Once a business decides to move forward with a Section 162 executive bonus plan, one of the most consequential decisions is which type of...
Read moreWhat Is a Double Bonus Executive Bonus Plan?
One of the most common questions that comes up once business owners understand the basics of a Section 162 executive bonus plan is: doesn’t...
Read moreSection 162 Executive Bonus Plan Example: How the Numbers Work
Abstract explanations of how a Section 162 executive bonus plan works only go so far. Seeing actual numbers — even hypothetical ones — makes...
Read moreHow Much Does a Section 162 Executive Bonus Plan Cost?
Cost is usually the first practical question business owners ask once they understand how a Section 162 executive bonus plan works. Unfortunately, there’s no...
Read moreSection 162 Executive Bonus Plan Rules, Requirements, and Eligibility
Compared to qualified retirement plans, Section 162 executive bonus plans have remarkably few formal rules. There’s no IRS approval process, no minimum coverage requirements,...
Read moreSection 162 Executive Bonus Plan Tax Rules Explained
The tax treatment of a Section 162 executive bonus plan is actually straightforward once you separate it into its individual pieces: the business’s deduction,...
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