What Happens to an Employee’s Interest If an Employer Goes Bankrupt?
When discussing an employee’s interest, both the covered employee and his beneficiaries have only the status of an unsecured creditor. … Read more
Death Benefit Only (DBO) Plan
Why Shouldn’t Employers Make Death Benefit Only Payments Voluntarily to Avoid Estate Tax?
It is true that if the death benefit payments are not made under a contract or plan and are completely … Read more
ERISA Implications of a Death Benefit Only Plan
A DBO plan is considered to be an employee welfare benefit plan subject to the requirements of Title I of … Read more
Tax Implications of a Death Benefit Only Plan
This article provides a behind-the-scenes look at tax implications that should be considered about using a death benefit only plan … Read more
Using Life Insurance to Finance a Death Benefit Only Plan
Most DBO plans promise to make payments over a number of years (e.g., $100,000 per year for ten years, if … Read more
Requirements of Using a Death Benefit Only Plan
The employer installs a nonvoluntary DBO plan by a written contract between the employer and the selected employee stating the … Read more
Disadvantages of a Death Benefit Only Plan
This article provides a behind-the-scenes look at the disadvantages and what you should know before using a death benefit only … Read more
6 Advantages of a Death Benefit Only Plan
This article provides a behind-the-scenes look at 6 advantages and why you should think about using a death benefit only … Read more
11 Reasons to use a Death Benefit Only Plan
This article provides a behind-the-scenes look at 11 reasons why you should think about using a death benefit only plan … Read more
An Introduction to the Death Benefit Only Plan
A Death Benefit Only (DBO) plan (sometimes called a survivors’ income benefit plan) is an executive benefit promising payments from … Read more