The Kai-Zen Plan is designed for business owners, doctors, attorneys, and similar key executives and professionals. To qualify, you must be able to obtain a standard or better risk class with the carrier, be age 65 or under, and meet the following financial criteria by carrier:
National Life Group – have an annual income of at least $100,000
Minnesota Life – have a net worth of at least $5 million
Allianz- have a net worth of at least $2 million and an annual income of at least $200,000
The Kai-Zen Executive Benefit Plan combines bank financing to match the contributions made by the employer/executive to purchase a death benefit and maximize executive benefits. The Kai-Zen plan allows employers/executives to get the same benefits for less money or more benefits for less money.
Just as you might finance a house or a car, you can now finance your benefits. The benefits most executives want and need are:
Employers can offer all the above benefits to their executives as well as protect their business through these more effective solutions:
Executive/Employer contributions are made to the plan for only five years. The financing portion matches the contribution the first five years and then takes over and pays the total contribution for the remaining five years.
The Kai-Zen Executive Plan is secure, minimizes risk and is cost effective!