Business Insurance
Executive Benefit Planning
It is difficult to find top notch managers and often harder to retain them. An executive benefit plan can reward these valuable team members for their past performance and can encourage them to continue adding value to the organization for years to come.
- Develop a bespoke plan design tailored to each company’s (and key employee’s) unique circumstances, rather than fitting the company into ‘’a plan”.
- Plan funding strategies consistent with the company’s financial and tax planning.
- Detailed projections of plan impact on cash flow and taxes.
- Actuarial calculations required for financial statement reporting
Shareholder Insurance Planning
Life insurance can convert your business value into cash for your family if you were to die prematurely. It can also avoid a forced sale of your company for the payment of estate taxes. Be it locking in hard earned business value, or funding critical partnership and employment agreements, life insurance can play a critical role in your risk management and continuity planning.
- Funding for corporate loans
- Funding shareholder agreements
- Key person protection, especially if business success is directly dependent on him or her
- Funding estate and inheritance taxes
- Funding an executive benefit arrangement specific to the shareholder’s needs.
- Analyze the economic impact that the loss of each key person would have on the business.
- Advise on the amount, type and ownership structure of an insurance-based plan.
Key Person Insurance Planning
The loss of a key person can impact company profits and perhaps even sustainability. In addition to the loss of the key person’s contribution to profitability, there is the cost to replace and train a replacement. Life insurance can buffer the impact of their loss.
- Assist in the identification of key personnel
- Analyze the economic impact that the loss of each key person would have on the business.
- Advise on the amount, type and ownership structure of an insurance-based plan.
