| Business Planning
~ National Underwriter,
Your chances of
to age 65
which lasts three
months or greater
are 21% or
1 in 5.
Source: 1985 Commissioners'
Individual Disability Table A,
based on data from policies
issued in occupation class 1
professional). These are
|Develop a strategy to preserve your business and your net worth –
What happens to your business if something happens to you?
What happens to your business if something happens to a key employee?
Unforeseen circumstances can cripple your company and endanger your family’s future. Strategies
exist to protect your business, accumulate value and provide employee benefits – using the same $'s
to accomplish all three – triple-duty dollars.
|Key-Person Insurance: If you employ anyone whose sudden, unexpected absence would
significantly impact your business, contact us to learn how Key-Person
Life Insurance can provide the funds you need to keep your business
running smoothly after you've lost a key employee.
|Business Continuation Planning: Prepare for the continued success of your business after
you're gone. How can you be sure that your family will get
a fair price for the business? Will the business survive
conflict between business partners and family members
after you are gone? How will the IRS value the business
for estate tax purposes? A business continuation plan
provides clarity at a time when your business needs it most
- a time when you won't be there to look out for those you
|Using Business $’s for Personal Expenses
|A key advantage to owning your own business is the ability to use business income to
provide for personal benefits and expenses.
|Retirement Benefits: Choosing a retirement planning strategy enables you to plan for your future
using tax-favored investment options. Qualified and non-qualified retirement
plans enable you to accumulate for the retirement of your dreams.
|Disability Benefits: For a man age 45, the chances of becoming disabled before retirement
are 1 in 5. Disability, even a short-term disability, could mean the loss of your
business and personal assets – not to mention your ability to fulfill your
retirement plans. Protecting yourself, your business and all the people who
depend on you from the sometime catastrophic consequences of a disability is
sound business planning. It is also a benefit that your company can provide for
you and your key employees.
|Executive Bonuses: Did you know that you can tailor an executive bonus plan so that it is:
|Long-Term Care: The majority of Americans realize they need Long-Term Care (LTC) coverage.
The #1 reason they haven't purchased it - the cost. Understanding the LTC cost
structure is the key to customizing affordable LTC coverage.
|Contact us. We can show you how!
|Salary Continuation: If you or one of your company’s key people were to die, would you like to be
able to continue their salary to their family for a year or more? You can do
this AND use a tax-favored instrument that benefits your company at the same
time. Contact us for more information.
|Life Insurance: Group term insurance works well for the first $50,000 of coverage, but
what about after that? You can provide yourself and your executives coverage that is:
|Numerous ways exist to use business income for personal benefits.
Not getting all tax and investment advantages out of your current plans?
Contact us and see if you are leaving money on the table!
And many companies already have these plans in place.
Contact us and find out more.