Executive Benefits

Primewest Insurance Group helps for-profit or non-profit organizations manage their executive fringe benefit programs. We design supplemental or fringe benefit programs to ensure your organization's executive benefits remain competitive.

Our services include:
Business Continuation
Executive Planning
Program Analysis
Wealth Preservation

Increasingly, corporations are using executive benefit programs to attract, reward and retain key executives. As an employer, this type of plan:

  • Helps you attract and retain top performers
  • Can be implemented on its own or in conjunction with an existing qualified plan
  • Can be implemented on its own or in conjunction with an existing qualified plan
  • Avoids the stringent IRS requirements of qualified plans.
  • Requires minimal ERISA compliance when properly structured
  • Can be informally funded with life insurance
  • Can provide cost recovery through the income tax free death benefit.

Our goal is to meet the following corporate and executive goals:

  • Offer a benefit concept that can be constructed to address the specific needs of the executive and employer.
  • Provide implementation and ongoing plan administration that meets the highest standard of service to the executives involved in the plan and the internal administrator.
  • Provide a benefit which can be easily communicated and appreciated by executives and their families.
  • Maximize benefit security to the extent allowed.
  • Provide a benefit which can be easily communicated and appreciated by executives and their families.
  • Provide tax favored tailored solutions to the executive's particular needs.

Business Continuation

Most entrepreneurs spend the better part of their lives building a business. Too often, something as simple as retirement or as complex as a disability or death can bring an abrupt end to that venture.

PrimeWest Insurance Group understands that many of our clients are the owners of small, closely held corporations.

As a result, we recognize the need to bring them the planning tools and guidance that will result in smooth transitions and successful business continuity into the next generation.

Our services include

Business Valuations

Traditional Buy Sell Agreements with Funding

ESOP Buyouts

Preferred Stock Recapitalizations

Private Annuities

The next decade is expected to see the largest inter-generational transfer of wealth in history. Much of this asset transfer is dependent on the successful continuation of family and closely held businesses.

PrimeWest Insurance Group is prepared to assist with this planning.

Executive Planning

With the market's continuing roller coaster ride, it is a good time to review your Company's qualified retirement plan. With many retirement portfolios losing value, individuals need to save even more for retirement. For highly compensated employees, such a strategy is not feasible within a qualified plan due to statutory limits on contributions. This is where executive benefit planning makes a great fit.

PrimeWest Insurance Group can provide you with the expertise, resources, and services needed to be in this market.

What can you expect?

Program Analysis

Benefit planning in today's economic environment is more complex than ever. To further exacerbate the situation, personal planning issues like estate planning, business continuity, and retirement planning are interwoven with corporate benefit plans.