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Uptown Life And Annuities PLLC

Life Insurance, Annuities and Life Settlements

(713) 588-0510

Supplemental Executive Retirement Plan (SERP)

A supplemental executive retirement plan (SERP) is a non-qualified plan for a key company employees, such as executives, that provides benefits above and beyond those covered in other retirement plans such as an IRA, 401K. These types of plans are for companies wishing to ensure their key employees are able to maintain their current standards of living in retirement. Being non-qualified plans there is no IRS approval or reporting. The company controls the plan and funds the cash value life insurance policy. Where the company benefits with tax deferred growth. When the benefits are paid, the company deducts them as an expense..

There are many different plans available that can be structured in a way that allows the company to recover its cost.

Contact us to find a policy that meets your needs.