As a business owner, it’s to your benefit to keep your top employees feeling rewarded and appreciated. Showing your employees that you recognize their value is a key factor in employee retention. And with the high cost and time investment involved in recruiting and training new talent, developing employee retention strategies is more important to the success of your business than ever.

Nationwide can help you implement life insurance policies using a variety of strategies that benefit your business by helping to retain your key employees. Employer-owned or employed-owned policy strategies are available.

Make life insurance part of your employee retention strategy

A supplemental executive retirement plan, or SERP, is an employee benefit designed to establish an additional retirement option for employees.

Supplemental retirement

This can help cover financial losses in the event of a key contributor's death.

Key person insurance

A split dollar plan is a business paid life insurance benefit that provides cost recovery for the business.

Split dollar plans work