Executive Life

Learn how your organization can benefit from executive life. 

What is Executive Life?

Executive life benefit plans replace or supplement group term life insurance benefits for highly compensated employees with individually owned policies owned by the company or the covered employee. These plans provide higher levels of coverage, are fully portable and may result in reduced taxation to the employee. Unlike group plans that only provide pre-retirement benefits, most executive life plans offer an option for post-retirement benefits.

Executive life plans can also provide restoration or enhanced supplemental retirement income for highly compensated employees. Insurance-based retirement solutions can deliver significant benefits, including tax-advantages earnings/distributions and benefits secured from company creditors. For an employer, they can provide strong retentive value and improved earnings.

All this can make executive life programs a great option for anyone looking to plan for the future. These plans are a decisive win for companies looking to attract and retain talent.

Why is Executive Life Important?

As businesses seek to deliver competitive benefits packages, they often run up against the limitations of group insurance plans and qualified retirement programs. These plans can leave higher compensated employees with a significant shortfall in life insurance coverage and retirement savings, creating a potential hurdle for companies looking to attract top performers. By using individual products, executive life programs mitigate these coverage gaps and benefit limitations. With institutional pricing and little to no medical underwriting, these plans are a win-win, helping companies provide adequate coverage and retirement income while offering their top performers the peace of mind they need to thrive.


Executive life insurance can provide highly compensated employees with coverage amounts that are significantly higher than basic group term life plans with coverage amounts as high as $5M+.

What are the Key Features of Executive Life Insurance Plans?

How Aon Can Help

  • Dedicated Executive Benefits Team

    We are focused exclusively on benefit programs for highly compensated employees. We have dedicated subject matter experts that work together to provide consulting, implementation, and ongoing administration services.

  • White-Glove Participant Support

    Our team provides a concierge-level employee experience from enrollment through the plan’s life cycle.

  • Implementing and Managing Benefit Plan

    We are one of the world’s largest insurance brokers, so our carrier relationships benefit you and your team on multiple levels. This facilitates the offers from carriers and enables effective management of benefit plans, including swift resolution of any unexpected issues.

  • Transparency

    We are committed to full compensation disclosure.

  • Commitment to Excellence

    We promise to always bring the best of our firm to meet your needs.


Executive life solutions can increase employee retirement income by 60 to 100 percent, exceeding that of qualified plan options, while reducing employer costs by up to 30 percent. 

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