Filed Under:Markets, Employee Benefits

Life insurance: a top funding vehicle in executive comp plans

Seventy-three percent of respondents use company-owned life insurance to fund NQDC plans.
Seventy-three percent of respondents use company-owned life insurance to fund NQDC plans.

More than seven in 10 businesses use life insurance to fund their non-qualified compensation packages for key executives, according to a new report.

The Newport Group discloses this finding in the 2014/2-15 edition of “Executive Benefits: A Survey of Current Trends.” The report examines how America’s largest companies (those with $1 billion-plus in annual revenue) are providing executive benefits, particularly non-qualified deferred compensation (NQDC) and supplement executive retirement plans (SERPs). The research also reveals how these plans are commonly structured, funded and administered.

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Nichole Morford

Nichole Morford
Managing Editor

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