Executive benefit planning through qualified plans has grown more difficult due to increasingly restrictive regulations, escalating costs and ongoing anti-discrimination rules. That's why more and more businesses look to nonqualified deferred compensation plans to recruit, retain and generously reward key employees.

Nonqualified plans provide employees with money for retirement, disability and life insurance coverage in addition to or in lieu of current compensation. Recovering the cost of such deferred compensation plans is possible through corporate owned life insurance (COLI) or bank owned life insurance (BOLI).

Contact a Northwestern Mutual Financial Network Representative to investigate what executive benefit options are best suited for you.