Insurance Solutions

Corporate Compensation Plans not only acts as a cost-effective broker for its clients, but it custom designs innovative insurance products. Here are some examples:

Working with the major group insurance carriers, CCP designed the special 401kSecure® Program that continues contributions directly into employees' 401k accounts when they are disabled. As a result, their retirement assets can grow just as if they were working.
CCP designed – and administered – a special group life insurance plan for one of the largest insurance companies in the country. The plan was an outstanding success and was adapted by almost every large law firm as well as by many banks and investment firms.
CCP, working in conjunction with a major surplus lines insurance carrier, has designed a special lump-sum disability insurance policy for highly-compensated employees to supplement their group disability coverages.

In addition, CCP has been able to take traditional insurance products and make them more effective by tax-advantaging them. For example, long-term care insurance can be paid for, in certain circumstances, with tax-free distributions from profit sharing plans. And traditional group life insurance can be used to convert taxable survivorship benefits from nonqualified deferred compensation plans into tax-free benefits.

Finally, CCP often acts on a consulting basis for clients who want to compensate us for our services on a fee basis.

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Click to learn about our specific innovative insurance solutions: