Unlike businessowners and professionals, executives are employees. As managerial personnel of corporations and large organizations, executives usually receive a package of salary and fringe benefits (which may include group carve-out life insurance, pension and profit sharing plans, stock options, and deferred compensation arrangements) that can create sizeable estates. The availability of the salary and fringe benefits generally depends on continued employment, a fact that means a business executive's estate planning needs usually dovetail with his or her current financial security needs.
The failure to plan realistically, or the failure to properly coordinate these business-derived assets with personal assets, can undermine the economic well-being of the executive and his or her family.
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.
15