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.

Benefits for You

  • Insurance premiums are paid as bonuses by your credit union to the executives you choose
  • Customizable payout options can align with your executives’ preferences
  • Cash value grows over time, adding even more strength to your leadership continuity plan

Every situation is different. You can trust our non-commissioned specialists to help you tailor a plan that supports your leadership continuity goals. To request your no-cost consultation, call 800.798.0770, extension 665.8507.

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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. Proprietary insurance is underwritten by CMFG Life Insurance Company. Proprietary and brokered insurance is sold by CUNA Mutual Insurance Agency, Inc., a wholly owned subsidiary. This insurance is not a deposit and is not federally insured or guaranteed by your credit union. For more information, contact your Executive Benefits Specialist at 800.356.2644. Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, 2000 Heritage Way, Waverly IA 50677, toll-free 866.512.6109. Insurance and annuity products are sold through CMFG Life Insurance Company. Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the credit union.