When a company is looking for key executives to grow the company to the next level, they often look to recruit junior executives from larger companies. In many instances, these employees are drawn to the opportunity of leading a company to the next level but also want to be rewarded for their talents. Smaller companies are often challenged in providing equitable benefit packages but by including a non-qualified Defined Benefit Plan, a company may overcome this with significant mid- and long-term incentives based on the executive performance in growing the company.
View to learn more about these plans and how many companies use life insurance to informally fund them.