Economic Evaluation Group, Inc.

A Concierge Employee Benefits Consulting & Brokerage Firm 
(516) 338-2800


Recent Work

Executive Bonus Plans

Employer and employee enter into an executive bonus (Section 162) life insurance arrangement, whereby the employer agrees to finance personal life insurance on the employee. The terms of the arrangement often are spelled out in a written agreement.

  • - The employee applies for and owns an insurance policy on his or her own life.
  • - The employer pays the premiums on the life insurance policy owned by the employee.
  • - Or, alternatively, the employer gives the employee an annual cash bonus that the employee uses to pay premiums.

 

The employer's annual premium payments (or cash bonuses to the employee) are deductible, assuming the employee's total compensation is reasonable.

The employee must report the employer-paid premium (or the cash bonuses) as gross income each year.

The cash value increases in the policy inure to the benefit of the employee as policy owner.

  • - Cash values can be accessed for emergencies or used to supplement retirement income when the employee retires.
  • - When the employee dies, his or her beneficiary will receive the death proceeds of the life insurance policy.
  • - Death proceeds of life insurance are usually received free of federal income tax.

 

 

Employee Benefits

More

Consulting

More

 

Retirement Planning

More

 

 

 

 

 

 

Economic Evaluation Group, Inc.

© 2016 Economic Evaluation Group, Inc.

Copyright© 2015 Economic Evaluation Group Inc. Revised: 05/04/2015 Content subject to change at any notice. Not responsible for typographical errors. Cetera Advisor Networks LLC PRIVACY POLICY

Securities offered through Cetera Advisor Networks LLC. Member FINRA/SIPC ; Branch Office: 535 Broad Hollow Road, Ste. A3A, Melville NY 11747 (516) 338-2800; Economic Evaluation Group, Inc. is not affiliated with Cetera Advisor Networks LLC

Securities offered through Registered Representatives of Cetera Advisor Networks LLC, a securities broker/dealer (member FINRA/SIPC ). Economic Evaluations Group, Inc. is a separate entity from Cetera Advisor Networks LLC Registered Representative of Cetera Advisor Networks LLC are registered for the sale of securities products in NJ and NY. CA license # 0D08970

Circular 230 Notice: Pursuant to IRS Circular 230, Cetera Advisor Networks LLC is providing you with the following notification: The information contained in this website is not intended to (and cannot) be used by anyone to avoid IRS penalties. This website supports the promotion and marketing of life insurance, annuities, long term care insurance, disability income insurance and pension retirement. You should seek advice based on your particular circumstances from an independent tax advisor.

Economic Evaluation Group, Inc. Specializes in Group Health Insurance (Group Medical Insurance). EE Group is located in Melville, Long Island, New York and service all over the United States and Canada.

 

Economic Evaluation Group is currently Licensed in Arizona (AZ), Arkansas (AK) California (CA), Connecticut (CT), District of Columbia, (DC), Florida (FL), Georgia (GA), Illinois (IL), Kentucky (KY), Maryland (MD), Massachusetts (MA), Maine (ME), Michigan (MI), Minnesota (MN), Missouri (MO), New Hampshire (NH), Nebraska (NE), New Jersey (NJ) , New York (NY) , North Carolina (NC), Oklahoma (OK), Pennsylvania (PA), Texas (TX), Vermont (VT), Virginia (VA). NOTE: If your state is not listed we can easily add the state license.