• Current Tax Deduction
• Contribution not included in income
• Tax deferred accumulation
• May purchase life insurance with pre- tax dollars
• Pure death benefit from life insurance inside the plan payable income tax free
• Income tax payable only on distributions from the plan

• Current Tax Deduction
• Potential to access cash value during your lifetime using tax free loans and withdrawals

• Tax deferred accumulation of cash value
• Income tax free death benefit
• Opportunity for accelerated benefits in the event of a qualifying terminal, chronic or critical illness, or critical injury
• Selective participation

• Business will pay the premiums on a permanent life policy owned by the insured.
• The business will treat the payment as a loan to the insured at minimum federal interest rates
• Insured’s out of pocket equals the interest due on the loan
• Business recovers outlays when loan is repaid through policy
• Tax deferred accumulation of cash values
• Income tax free death benefit
• Opportunity for accelerated benefits in the event of a qualifying terminal, chronic or critical illness, or critical injury
• Selective participation

• Promise to pay a future benefit
• Tax deduction received when the benefit is paid
• Tax deferred growth for participant
• Selective participation

• Tax benefits
• Personal or business control over the program
• Government regulations

As you can see, each of these choices will deliver different results. In many cases, a combination of programs will actually work best to deliver positive results to you, your business and your key people.