Bank Directors Seminar, Coeur d'Alene, ID

• Survivor Income/Death Benefit Only Plans

– The bank agrees to pay a benefit to the beneficiaries of a director or executive

– The benefits are typically paid from the general assets of the bank.

– The amounts paid to the beneficiaries are taxed as ordinary income

– Payments can be “grossed up” to cover taxes

– Contingent liability is normally offset by the bank’s ownership of BOLI

©2018Equias Alliance, an NFP Company

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Supplemental Disability Plans as a Risk Management Tool

©2018Equias Alliance, an NFP Company

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