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Corporate Benefits

The Life Income Plan®

Start building your asset location strategy today.

Your retirement should reflect the level of success you've achieved. But due to your above-average income, you face contribution limits on qualified plans that could lead to a significant future income gap. The Life Income Plan® from CES helps high-income executives, professionals and small business owners plan for and implement an income replacement strategy that seeks to provide financial independence in retirement.

The Life Income Plan® leverages asset location strategies and institutional-grade life insurance to help meet your accumulation goals. This combination helps you retire on a significant percentage of your final income and mitigate future taxation while providing valuable life insurance protection.

Key features of the plan

  • Accumulation-focused design
  • High early cash surrender values and access 1
  • Tax-advantaged access and distribution 2
  • Death benefit protection
  • No direct surrender charges
  • Creditor protected (in many states)

Now is the time to build your financial future

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Start planning for your financial independence with the Life Income Plan®.

1 Life Income Plan® — LIP® uses cash value corporate-owned variable universal life insurance that tends to offer significant cash values in the early policy years because of its general lack of surrender charges and, because in the event of a full policy surrender within a certain number of years, some policy charges may be refunded. These policies often include a minimum guideline death benefit and are structured to minimize death benefit expense, yet retain the integrity of life insurance and the tax deferral benefits.

2 Assuming policy loans after withdrawals of the policyowner’s basis under a policy that is not a modified endowment contract (MEC). Loans and withdrawals reduce the policy’s cash value and death benefit, and withdrawals in excess of the policy’s basis are taxable. Under current rules, loans are free of income tax as long as the policy remains in effect until the insured’s death, at which time the loan will be satisfied from income tax-free death benefit proceeds. If the policy is surrendered, lapsed or treated as a MEC, any loan balance will generally be viewed as distributed and may be taxable to the extent of any gain in the policy.