SUPPLEMENTAL EXECUTIVE INSURANCE PROGRAMS

Supplemental executive insurance programs provide additional benefits for owners and key executives and address shortfalls in group benefits that often discriminate against highly compensated employees. You can learn more about the types of supplemental programs we offer below.

Executive Life Insurance Plans

Typical company-sponsored life insurance benefits provide a term benefit that ends when the executive leaves or retires from the company. Our Executive Life Insurance Plans can also provide you with:

• Death benefit protection that continues after retirement
• Portability—not tied to a group plan
• Face amounts that are significantly larger
• A cash value component
• Flexibility—use for estate tax funding or as a supplemental retirement plan

Enhanced Disability Insurance

Disability insurance can help replace lost income should a key executive be unable to work due to an illness, injury, or accident. Typical group long term disability plans limit the amount and type of income covered for executives. Enhanced Disability Insurance plans can reduce or eliminate these limitations for key executives—and may help the company in managing the potential volatility of an underlying group plan. Plan features can include:

• Coverage of  incentive income, including bonuses and stock grants
• Improved overall plan maximums and replacement ratios that significantly reduce reverse discrimination
• More comprehensive product features designed for executives

Executive Long Term Care Insurance

Long Term Care insurance can help protect the assets of executives and their spouses from the financial impact of receiving care at home or in a facility for an extended period of time. Most health and disability plans do not cover these costs. Our Long Term Care plans:

• Have premiums that are tax-deductible to the corporation
• Offer benefits that are not taxed for the employee
• Can be discriminatory

Insurance and annuity products are offered through non-bank insurance agency affiliates of Wachovia Corporation and are underwritten by unaffiliated insurance companies.

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