Executive Bonus Plan

Adding value for your entire C-suite

Due to limitations from the Employee Retirement Income Act (ERISA), your highly compensated employees are restricted in the amount they can contribute to your 401(k) plan. You can help them retire on their terms — and strengthen your overall retention strategy — by providing a customizable Executive Bonus Plan. It’s a life insurance policy funded by bonuses paid by your credit union. You choose who can participate, how much they receive in bonuses, and when payouts can occur.

Key features

  • Pay insurance premiums as bonuses to selected executive(s)
  • Customize payout options to executive preferences
  • Executive owns the insurance policy and can receive distributions from the policy’s cash value at any time

Leverage our deep institutional knowledge of employee benefits and credit union financial management.

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Cuna Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries, and affiliates. CMFG Life Insurance Company is a subsidiary of the CUNA Mutual Holding Company. Certain insurance products may be offered by CUNA Mutual Insurance Agency. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues.

Securities and advisory services, when presented, are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Certain insurance products may be offered through LPL or its licensed affiliates. Registered representatives of LPL offer products and services as part of the executive benefits plans at CUNA Mutual Group. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of CMFG Life Insurance Company or CUNA Mutual Group. Securities and insurance offered through LPL or its affiliates are: Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.