Take Care of the People Who Build Your Business

Employee Benefit Packages

Strong benefits help you hire faster, keep your best people longer and protect the business if an owner or key employee is lost. We design life insurance-based benefit plans that fit your team and your budget.

Schedule a No-Cost Benefits Review for Your Business

Tell us about your company and team. We’ll show you what’s possible at your budget and how other businesses your size structure their benefits.
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Benefit Solutions for Employers and Owners

Some plans reward your whole team. Others protect the owners and leaders the business depends on. Most companies need a little of both.

Group Term Life Insurance

Employer-paid life coverage for your whole team, often a flat amount or a multiple of salary. One of the most valued and affordable benefits you can offer.

Voluntary and Supplemental Life

Let employees buy extra coverage for themselves and their families through easy payroll deduction, with little or no cost to the company.

Key Person Insurance

Protect the business against the loss of an owner, top salesperson or specialist, with funds to replace revenue and recruit a successor.

Buy-Sell Agreement Funding

Give partners the cash to buy a departed owner's share at a fair price, so the business stays in the right hands and the family is paid.

Executive Bonus Plans (Section 162)

Reward leaders with company-paid permanent life insurance they own, building cash value and loyalty at the same time.

Deferred Compensation and Retention

Life insurance-funded plans that promise future benefits to key employees who stay, giving your best people a strong reason to remain.

What Your Business Receives

A complete benefits solution, from the first conversation to open enrollment and every renewal after.
  • A benefits needs assessment for your team and ownership
  • Plan design built around your budget and hiring goals
  • Carrier comparisons with clear cost breakdowns
  • Employee enrollment meetings and easy-to-read materials
  • An owner protection review for key person and buy-sell needs
  • Annual renewal reviews to keep costs and coverage in check

Businesses We Partner With

Small and Growing Companies

You're competing with larger employers for talent and need benefits that make your offer stand out without straining cash flow.

Partnerships and Family-Owned Firms

Your business depends on a few key people, and you want a plan in place if an owner dies, becomes disabled or retires.

Employers Focused on Retention

Turnover is expensive. You want to reward loyalty and give your top performers a reason to stay for the long run.

Feedback From Business Owners

As a small company we assumed group benefits were out of reach. NorthStar found a group life plan that fit our budget, and our team noticed right away.
Angela W.
My partner and I never had a funded buy-sell agreement. Now we both know the business and our families are protected if something happens.
Brian H.
We used an executive bonus plan to keep our operations manager from taking another offer. It cost less than a raise and meant more to her.
Teresa G.

Employee Benefits Questions From Business Owners

How small can a business be to offer group life insurance?
Many carriers offer group life plans for businesses with as few as two to five employees. Minimums and participation rules vary by carrier and state, and we will find options that fit your company’s size.
In most cases, premiums an employer pays for group term life insurance are a deductible business expense, and the first $50,000 of employer-paid coverage is generally not taxable income to employees. Confirm the details for your business with your tax professional.
Voluntary benefits let employees buy additional coverage, such as supplemental life insurance, through convenient payroll deduction. Employees pay the premiums, so there is little or no cost to the employer.
Key person insurance is a life policy the business owns on an owner or essential employee. If that person passes away, the benefit helps the company cover lost revenue, recruit a replacement and reassure lenders and clients.
Each owner is insured for the value of their share. If an owner dies, the policy proceeds give the surviving owners the cash to buy that share from the family at the agreed price, keeping the business stable.
Also called a Section 162 plan, the business pays the premium on a permanent life policy owned by a key employee as a bonus. The bonus is generally deductible to the company and taxable to the employee, who gets lifelong coverage and cash value.
Our focus is life insurance-based benefits and owner protection. We are glad to work alongside your health insurance broker so your full benefits package fits together.

Find Out What a Benefits Package Could Cost Your Company

Share your team size and goals, and we’ll return clear pricing options and a recommended plan. Quick, free and no commitment.
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