1. EXECUTIVE BENEFITS
VOLUNTARY EXECUTIVE
CARVE-OUT PROGRAMS
Few people worry that corporate executives and other highly-compensated employees are victims of
discrimination. Yet, many such executives are discriminated against every day through their employers’ benefit
programs. The issue is one of degree.
For example, most companies’ long term disability face-to-face basis. Each executive is properly educated
(LTD) plans are designed to provide replacement on the new policies being offered, so the new coverage
income for the “average” employee but don’t provide is tailored to meet their individual needs and goals.
enough for the senior executives, who can suffer To Lenox, Disability Income, Life and Long Term
disastrous drops in income if they become disabled. Care Insurance may be some of the most overlooked
The most cost-effective answer is often maintaining opportunities for executives because they are often the
the original LTD plan and offering additional, weak links in their otherwise growth-oriented financial
supplemental coverage for these highly-compensated plans. Integrating this kind of protection into financial
employees. planning is what we do and why we believe in these
Lenox Advisors’ team of professionals helps corporate policies.
clients make informed decisions about the best choices In fact, the value proposition isn’t entirely the product
for their companies, including voluntary insurance but more so the approach and services surrounding
carve-out programs. Whether it’s Disability Income, it. It’s the difference between taking the time to
Life or Long Term Care Insurance, Lenox also provides work individually with each executive – mapping
a full range of support services for corporate clients: out individual packages – rather than doing a “data
• Coordinating and managing relationships with
dump” of materials and brochures that may never be
carriers and vendors read. Employees appreciate the individual attention to
• Planning and executing employee communications
their questions rather than having to review reams of
documents looking for answers.
• One-on-one and online educational and application
services. And as the executives save time and effort while
gaining new insights through our personal visits, this
Lenox Advisors’ national presence makes it possible infrastructure relieves many administrative burdens
to articulate a company’s carve-out benefit plans on a from clients’ Human Resources departments.
Our client list is diverse, across a variety of industries such as financial services, real estate management, utilities
and professional services. These clients include:
• Jefferies Group Investment bank
• ING Financial institution
• Silver Point Capital Hedge fund firm
• Day Pitney, LLP Law firm
• Nielsen Marketing and media information company
Lenox Advisors. Integrating financial security into financial success.
Learn more at www.lenoxadvisors.com
Fee-based financial planning services offered through Lenox Advisors, Inc. Lenox Advisors, Inc., offers access to securities and asset management
services through MML Investors Services, LLC., 530 5th Avenue, 14th Floor, New York, NY 10036, 212-536-6000, member SIPC. Investment adviser
representatives of Lenox Advisors, Inc. offering fee-based financial planning services may also be registered representatives and investment adviser
representatives of MML Investors Services, LLC. for purposes of offering securities and asset management services, as applicable. Lenox Advisors, Inc.
is a wholly owned subsidiary of National Financial Partners Corp. (NFP). Lenox Advisors, Inc and NFP are not affiliates or subsidiaries of MML Investors
Services, LLC. Services offered through Lenox Advisors, Inc. as an Independent Registered Investment Advisor are not sponsored or offered through MML
Investors Services, LLC. CRN201008 – 108767 © 2012 Lenox Advisors, Inc. All rights reserved.