| 摘要 |
A method is provided for developing, financing and administering an asset-- protected executive benefit. An employer or Investor makes an investment in an LLC whereby the Employer or Investor becomes the preferred, non-managing member and is entitled to receive a guaranteed payment plus pre-established rate of return . An Executive also makes an investment in the same LLC, becomes a non-preferred , managing member and is entitled to receive value created by the LLC in exces s of the amount paid to the preferred member. The LLC invests in, owns, and is the beneficiary of two life insurance policies; a Preferred Policy designed to have a death benefit equal to the investment plus cumulative guaranteed return to the preferred member, and an Investment Policy designed to meet the long-term investment objectives of th e members. The Executive may instruct the LLC to borrow against the Investment Policy from which the Executive receives a cash distribution.
|
