Employers
HOW CAN WE ATTRACT AND RETAIN TOP TALENT BY USING TAX-DEDUCTIBLE LONG TERM CARE INSURANCE TO PROVIDE NONQUALIFIED DEFERRED COMPENSATION BENEFITS –WITHOUT 409A ISSUES?
Nonqualified deferred compensation has long been used as an effective tool to attract and retain talented employees. However, the economic events of the past year have caused many to question its worth because of the substantial credit risk to the employees.
A long term care insurance policy can provide a highly effective deferred compensation benefit without any credit risk to the employee. Equally important, it will protect the employees’ retirement and investment income and preserve their assets.
This same strategy can be used as part of a “sign-on” bonus to attract and recruit new top talent.
For a copy of our Report, “How to Use Long Term Care Insurance as a Deferred Compensation Plan to Attract and Retain Top Talent” click here.
