Paine Financial & Insurance Services, Inc.

Executive & Owner Benefits

Personal Life Insurance: Insurance which helps provide for the surviving spouse and children. Depending on the situation, life insurance can also be used as a supplemental savings vehicle or as part of an executive's benefit package.
Disability Income Insurance: Insurance which provides an income if an executive or owner becomes sick or injured and cannot work. Other types of Disability Insurance include Overhead Expense Insurance or Disability prompted Buy-Sell funding. Contact us for further information.
Key Person Insurance: Life insurance which is used by the company to help replace a key employee after an untimely death.
Buy-Sell Funding: Life and Disability Income insurance policies can be used to fund Buy-Sell agreements.

Nonqualified Deferred Compensation Programs: Mostly used when an employer wants to select certain key employees for which to help provide additional retirement benefits.
Executive Bonus Programs: A key employee benefit which can provide supplemental retirement income or provide survivor benefits at the discretion of the employer.
Qualified Defined Benefit Plans: An employer sponsored retirement plan for which retirement benefits are based on a formula indicating the exact benefit that one can expect upon retiring.
Custom Carve Out Plans

ESOPs (Employee Stock Ownership Plan): A defined contribution employee benefit plan that allows employees to become owners of stock in the company they work for.
Family or Employee buyouts
Stay Bonus: A cash lump sum payable if the individual remains with the company until a specific date or event.