Executive Benefits
A well-structured executive benefit plan can be the differentiator you need to build a competitive advantage.
We will partner with you to identify tailored incentives you can offer to one or more select employees, which can provide more flexibility in plan design and resolve benefit-limitation issues.
We can also help you select and design a cost-effective plan that meets your executives’ needs within the context of your goals as an organization.
Please see below for plan option information:
Long Term Care
Long-term care (LTC) refers to a variety of services that aren’t covered by regular health insurance.
It covers care in a variety of settings and helps fill in caregiving gaps. This can include assistance with routine daily activities like: bathing, dressing, preparing food, or getting in and out of bed.
We'll help navigate LTC options and costs available to you and your key members.
Key Person Life Insurance
Does your business rely on one or two key people to oversee day-to-day operations, as do 71% of small businesses? If so, you may need key person life insurance.
Key person coverage is a risk management tool that can help protect a business financially if an individual who is critical to the company dies or becomes permanently disabled. It may also be necessary when executing a buy and sell agreement to transfer ownership if one partner dies.
CBA can help you understand the ins and outs of this type of coverage, should you need it.
Succession Planning
Succession planning is the process of identifying important positions in your organization, and creating a talent pipeline by preparing employees to fill vacancies as others retire or move on.
This process helps ensure business continuity and performance. Even when there is no identifiable successor within an organization, succession planning can help identify the knowledge, skills, and training needed in a future external candidate.
Our benefits team can help you identify key risk points, and develop a comprehensive plan so your organization can succeed and grow, come what may.
Executive Compensation Package
This is a comprehensive compensation package offered to executives to drive their own performance as well as that of the organization. This may include pay, incentives, stock options, perks and benefits, bonuses, retirement plans, and other rewards.
CBA's benefits specialists can help you construct and/or enhance your executive benefits packages so you can hire and retain the talent to take your organization to the next level.
