The financial services profession offers many opportunities for advisors to help add value for their clients. When working with companies, establishing executive compensation programs that help companies attract and retain talented executives is one such area. This need takes a high priority today as the United States is very close to full employment. In two videos, Jamie Hopkins and Steve Parrish discuss trends in nonqualified executive compensation programs. The first video provides an overview of the types of programs commonly used today. The second video is a deeper dive into split-dollar life insurance programs. As cash value life insurance is an efficient funding vehicle for many of these programs, the executive compensation market can offer a lot of opportunities for the financial advisor focusing on business insurance planning. In “Nonqualified Deferred Compensation,” Steve Parrish discusses trends in executive compensation. In “Split Dollar Life Insurance Planning,” Steve Parrish discusses the current state of this planning tool.
Read more about the video on The American College’s blog.