MKA Executive Planners Blog

Don’t Let ‘em Get Away – Retention Programs That Keep Them on The Job

Posted by Barry Koslow on Tue, May, 29, 2018

It’s the worst!  Your project has developed to the point where you’re about to build the working model and file the application for a patent or FDA approval. The scientist who is heading the project walks into your office and tells you she or he is leaving for another position at the company a half mile down the road.  He or she has led a small team and doesn’t have a back-up. 

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Tags: Compensation, Executive Compensation, Supplemental Compensation Plans, Key Employee Retention

457 Plan Catastrophe - More Grief than Value?

Posted by Barry Koslow on Wed, Jan, 10, 2018

Everyone relaxed when the House and Senate decided not to block deferred compensation plans as we know and love them.

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Tags: 457(b) Plans

Suffering from Executive Benefit Failure?

Posted by Barry Koslow on Tue, Dec, 12, 2017

Your career has brought you to the top because of the great experience of working for several major companies, both in and out of your current company’s industry. You’re in the C-Suite and playing an important role in management and moving your company forward. You have a great salary and a wonderful work environment.

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A Good Problem to Have…Savings Alternatives for Senior Executives and Professionals

Posted by Dennis Sexton on Tue, Dec, 12, 2017

Senior executives and professionals in both the not-for-profit and taxable sectors have a problem that most people would envy. Where do they put savings above qualified retirement plan limits? They can’t qualify for a traditional or Roth IRA as an individual taxpayer. Employer sponsored deferral and savings vehicles are subject to regulations that make them restrictive, inflexible, public and insecure, e.g. the executive’s savings may be exposed to creditors of his or her employer. Plus, they can’t access the money easily should they need it.

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Tags: Retirement Planning, Executive Compensation, After Tax Plans

Beckham’s Ankle Didn’t Bend

Posted by Barry Koslow on Wed, Sep, 27, 2017

According to news reports, New York Giants star receiver Odell Beckham, Jr., is thinking about purchasing a $100 million (yup, $100,000,000) policy to protect the value of his earning potential in the event he is injured and cannot earn pay at his current ability level.  The importance of this was brought home when he sprained an ankle at a recent pre-season game.

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Tags: Disability Insurance, Executive Disability, Disability Income Protection

Concierge Underwriting Case Study

Posted by Barry Koslow on Thu, Jul, 27, 2017

MKA offers concierge underwriting for its high net worth investors, business owners and highly-compensated professional and executive clients.  Concierge underwriting is hands on and handled on a secure and personalized basis by us and our associates.  Here is a recent example.

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Tags: Life Insurance, Universal Life, Concierge Underwriting

How do you like being in the self-insurance business?

Posted by Barry Koslow on Thu, Jul, 20, 2017

“What?”, you say.  Yes, there are many significant risks out there, and you buy commercial insurance to absorb them.  Autos, homes and other property are insured.  You have liability insurance.  You have medical insurance.  You have dental insurance – and maybe life insurance.  But, actually, you hold all those risks.  You have chosen to “reinsure” them in full or in part with a business that specializes in covering unaffordable risk.  You get to pick the maximum amounts payable and deductibles, absorbing the affordable exposures that you did not cover.

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Tags: Disability Insurance, Executive Disability, Disability Income Protection

In Business, Everyone Is NOT Replaceable… at least not right away

Posted by Ed Perry on Thu, Jul, 13, 2017

We have all heard the saying that in business, everyone can be replaced. This simply isn’t true. As a business owner, think for a second about what would happen to your business if you died, or became unable to work due to illness or accident? What if it was your star performer? Or a member of your leadership team? Think about that void. Think about all the impacts to your business that you may not have considered before.
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Tags: Life Insurance, Disability Insurance, Executive Disability, Long Term Disability, Key Person Insurance

After Tax Plans: An Alternative to Deferred Compensation Plans

Posted by Barry Koslow on Fri, Mar, 24, 2017

After tax supplemental compensation plans funded with life insurance offer a hybrid arrangement that reduces the complexity and expense associated with non-qualified deferred compensation plan. These plans are a great benefit for a company to offer to non-owner key executives to retain and reward them for their valuable services. They are especially attractive in pass through entities such as Subchapter S corporations and tax exempt organizations.

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Tags: Life Insurance, Deferred Compensation Plans, Executive Compensation, Supplemental Compensation Plans, After Tax Plans

The Executive Disability Protection Fallacy

Posted by Barry Koslow on Thu, Mar, 09, 2017

Executives generally are not aware that they have shortfalls and gaps in their broad based group long term disability coverage.  This applies to both the size of the monthly benefit and the language in the contract that the insurer uses to accept or deny claims.

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Tags: Disability Insurance, Executive Disability, Long Term Disability, Disability Insurance Limitations, Disability Insurance Exclusions, Disability Income Protection