Business Protection
Chances are, if you own a business or a professional practice, your business is the most valuable asset you own. If that happens to be the case, the value of your business, and monetization of such value, is enormously consequential to meeting your retirement and estate planning goals.
Said differently, the net amount you receive from the sale or transfer of your business can directly, and quite literally, impact what you can and can't afford in retirement and how much you are able to leave to your heirs (or charities).
Given how consequential the value of your business is to your financial independence, it's clearly worth your time, attention, and energy to protect and preserve it by safeguarding it against the unexpected.
To that end, life and disability insurance can enable your business to "buy time" if you or your key employees die or become disabled, and continue with minimal disruption and without financial ruin.
Moreover, life and disability insurance can fund a buy-sell agreement, providing tax-free cash to surviving owner(s) to buy out the deceased or disabled owner's interest, thus enabling them to fulfill obligations as set forth in the buy-sell agreement--and allow the business to continue without undue financial hardship or needless squabbles.
Additionally, it's fair to say, and experts agree, that the single most important value driver of your business is a strong and loyal management team. So it pays—quite literally—to attract, motivate and retain your key executives. To this end, you can offer them retirement and insurance benefits created and designed specifically for them. With these benefits, you can enhance their overall compensation plan by helping them efficiently save for retirement above qualified plan limits and providing life and disability insurance above group plan limits.
Said differently, the net amount you receive from the sale or transfer of your business can directly, and quite literally, impact what you can and can't afford in retirement and how much you are able to leave to your heirs (or charities).
Given how consequential the value of your business is to your financial independence, it's clearly worth your time, attention, and energy to protect and preserve it by safeguarding it against the unexpected.
To that end, life and disability insurance can enable your business to "buy time" if you or your key employees die or become disabled, and continue with minimal disruption and without financial ruin.
Moreover, life and disability insurance can fund a buy-sell agreement, providing tax-free cash to surviving owner(s) to buy out the deceased or disabled owner's interest, thus enabling them to fulfill obligations as set forth in the buy-sell agreement--and allow the business to continue without undue financial hardship or needless squabbles.
Additionally, it's fair to say, and experts agree, that the single most important value driver of your business is a strong and loyal management team. So it pays—quite literally—to attract, motivate and retain your key executives. To this end, you can offer them retirement and insurance benefits created and designed specifically for them. With these benefits, you can enhance their overall compensation plan by helping them efficiently save for retirement above qualified plan limits and providing life and disability insurance above group plan limits.
Attract and Retain Key Employees
// Benefit program created specifically for key employees // Retirement plan above qualified plan limits // Life insurance above group term limit // Disability insurance above group plan limit // Salary continuation plan for key executives // Life insurance for non-U.S. executives |
