Wage Loss Replacement Plan Concept
A Wage Loss Replacement Plan (WLRP) is an in-surance arrangement put in place by an em-ployer to provide disability income protection for a group of key employees. You have full control over selecting participants and benefit levels by defining classes of employees. Premi-ums are a tax-deductible business expense. In fact, it costs less for the employer to pay the premiums than to increase the employee’s sala-ry to pay the premiums personally.
