Peace of Mind for You and Your Leadership Team
Imagine running your company knowing that your leadership, continuity, and legacy are protected.
Protecting Leadership and Legacy
Running a business comes with countless moving parts — and protecting what you’ve built is critical.
You feel pressure to retain your top talent when competitors are offering richer compensation packages.
You’re frustrated that traditional benefit options don’t fully address your leadership’s unique needs.
You gain confidence knowing your business can weather any storm — with benefits that protect your key people and the company’s future.
Your Executive Benefits May Include
🡺 Executive Life & Disability Insurance – Personalized coverage to protect key individuals and maintain financial stability.
🡺 Key-Person Insurance – Safeguards your company against the financial loss of a critical leader.
🡺 Buy-Sell Agreement Planning – Ensures smooth ownership transitions and preserves company value.
🡺 Executive Bonus Plan – “Golden handcuffs” help reward and retain leadership with longevity-based benefits, including tax-advantaged supplemental retirement savings and insurance protection.
🡺 Supplemental Retirement & Deferred Compensation – Provide long-term savings and incentive programs for top performers.
🡺 Ongoing Reviews & Plan Management – Regular updates to ensure your benefits remain aligned with your business goals.
Custom Executive Benefits, Tailored to Your Goals
We specialize in designing customized strategies for business owners and key executives that go beyond traditional benefits — including executive life and disability coverage, key-person insurance, supplemental retirement plans, and buy-sell funding.
At Spencer & Spencer, we’re more than benefits advisors- we’re strategic partners who understand what it takes to run a successful business. We know the delicate balance between rewarding key leaders, safeguarding company continuity, and planning for the unexpected.
As a third-generation, family-run firm, we’ve walked in your shoes. We combine decades of expertise with a personalized approach to help business owners, executives, and leadership teams design benefit strategies that attract top talent, strengthen loyalty, protect continuity, and ensure long-term success.
Frequently Asked Questions
How is an Executive Bonus Plan different from a standard group benefit?
Executive Bonus Plans (also known as Section 162 Plans) are non-qualified arrangements that allow a company to provide additional life insurance or savings benefits to select key employees or owners. Unlike group benefits, they can be tailored to individuals and offer flexibility in design and funding.
What’s the difference between key-person insurance and buy-sell planning?
Key-person insurance protects the company itself from financial loss if a vital employee or owner dies or becomes disabled. Buy-sell planning, on the other hand, ensures ownership is transferred smoothly and fairly among partners or successors. Together, they form the foundation of business continuity.
Do these plans make sense for smaller businesses?
Absolutely. Even businesses with a few key people can benefit from executive planning. These strategies aren’t just for large corporations. They’re for any business that depends on a few critical individuals to generate revenue, maintain relationships, or drive growth.
Protect Your Leadership. Preserve Your Legacy.
Schedule your confidential consultation today and discover how a customized executive benefits strategy can safeguard your business for the future.