NG Employee Benefits Savings and Insurance (NGEB)

Employee Benefits & Savings Programs

 

Thank you for the opportunity to present NGEB’s employee benefits programs.  Within a highly competitive work environment, top-performing employees, at any level, are hard to recruit and retain. Whether your company is considering an initial employee benefits program or if your company already provides a benefits plan, such as a 401(k) or 403(b), NGEB’s benefits programs are able to work within both of these settings.

   NGEB’s benefits plans are non ERISA programs that are able to combine an indexed, tax-advantaged savings element with universal life insurance (IULs).  Under Internal Revenue Code 7702, because savings are combined with universal life insurance, savings are allowed to grow tax-deferred.  The savings component is indexed off of indices such as Barclays and the S&P 500 and include a minimum guaranteed base or floor of 0%.  Annual gains may or may not be subject to a cap depending on the IUL plan chosen.  

   With a minimum guaranteed base or floor of 0%, NGEB’s IUL-based plans provide options for employees who would like to save for the future – without the risk.

On the savings side, NGEB’s plans offer:

  • Upside market potential without the risk of many traditional stock market-based plans.  For example: when compared to traditional 401(k)s or other market-based benefits programs—one of our IUL-based leveraged / financed plans is able to add up to three times or more to key staff and executive retirement savings—without increasing company budgets.
  • Tax-deferred accumulation and tax-free distribution options.
  • Access to savings / account values (no 10% early IRS withdrawl penalty prior to age 59 1/2).
  • No Required Minimum Distributions (RMDs) at age 73.
  • Savings / account values are secured by the issuing company.  IULs are offered by some of  the oldest, largest  and most financially stable institutions in the world.  All insurance companies working with NGEB  are AM Best “Excellent” rated, have been established for over 60  years, have reported assets of  $45 billion or more and have 100% or more of all liabilities covered by asset.

Benefits on the life insurance side include:

  • Living benefits for chronic and critical illnesses as well as terminal and death benefit coverage.
  • Tax-free distribution to designated beneficiaries.

   Please find presented various summaries outlining NGEB’s benefit programs.  As with any offering relating to employee benefits, there will be points of clarification that more than likely will be needed for each organization’s specific needs and interests.  As a company, NG Employee Benefits Savings & Insurance strives to understand and respond to the needs and interests of our clients. Again, thank you for your consideration and we look forward to being of service and working with you soon.