Most employers provide a good group term life insurance benefit due to its affordability. But did you know that group term life is priced this way because very few death benefits are actually paid? This is because 85- 90 percent of employees live past age 65!

A better solution is a Group Term Carve-Out. This is a cost-neutral plan where employers help fund a permanent policy for their executive group. While premium dollars are required from the employer as well as the insured employee, it is extremely cost-efficient. Structured properly, the policy may become self-sufficient at normal retirement with the death benefit covering the insured for his or her lifetime.