Intel was seeking to reinsure their life and accidental death and dismemberment coverage through their existing Hawaii-based captive.
More information about this development can be found in November 6th’s Federal Register in Application No. L-11760.
Securing this exemption from the DOL has been an exciting process for our captive consulting team. Funding a corporation’s benefit risks though a captive is a financial strategy that has become increasingly important for organizations facing accelerating benefits costs.
“We are all looking forward to continuing to work with Intel and make this historic project a model for future corporate benefit funding strategies,” said Karin Landry who heads the Intel team at Spring.
Image credit: seier+seier via flickr
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- Webcast: Why Fund Employee Benefits in a Captive and How to Gain Approval to Do It - June 6, 2014
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