Senior Retiree Life Insurance

Broken promises! That’s what many people are trying to avoid as they struggle to provide full death benefits for their employees and retirees. Benefits that were promised years ago. Chances are your company made a similar sacred promise.

Welcome to a world where people live longer, work forces are shrinking, and fiduciary/legal requirements are more onerous. Where the growing imbalance between the number of active employees and the number of retirees jeopardizes the financial security of public and private entities and labor organizations.

Senior Retiree Life Insurance Programs are designed to remove the FASB 106 liability from the organization’s books while also covering the benefits promised to current and future retirees. This program is designed to keep cost at a reasonable and predictable level.

Senior Retiree Life Insurance Programs solve the problems public corporations face in trying to provide death benefits to present and future retirees while remaining financially sound. Here’s how:

	Current retirees are covered for the full amount of the promised death benefit
	Death benefit remains a level amount of the promised death benefit
	Death benefits are guaranteed with no medical questions
	Future retirees will receive a fully paid death benefit equal to the amount promised at retirement age
	The liability is removed from the corporation’s books because they pay a premium on the liability, to a qualified entity

Transferring the financial risk of providing death benefits from your corporation to an insurance company is the right thing to do.



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Copyright © 2006 Retiree Benefit Services, Inc.