EMPLOYEE BENEFIT PLANS
►OTHER PLANS
Deferred Compensation: is an executive benefit an employer can use to pay a highly paid employee at a later date,
such as upon disability, retirement, or death.
Salary Continuation Plan: works the same as deferred compensation except that the employer funds the plan
rather than the employee. The employer establishes an agreement, whereby an employee will continue to receive
income payments upon death, disability, or retirement.
Split-Dollar Plan: is an arrangement where an employer and an employee share in the cost of purchasing a life
insurance policy on the employee. It is a method of buying insurance, not an insurance policy itself. Many times, it is
a combination of term and whole life insurance. This plan typically allows the employee to choose the beneficiary.