Products and Services for Corporations
The professionals in our Life and Disability Practice specialize in implementing creative insurance solutions that not only enhance a company's operations, but help attract and retain valuable employees. They have extensive experience in developing insurance strategies for business owners whose personal and business wealth may be intertwined.
- Supplemental executive retirement plans (SERP)
- Group carve-out plans
- Deferral plans
- Executive/owner jumbo limit disability plans
- Executive/owner long-term care plans
- Buy-Sell Agreements – Effect the orderly change in ownership of a closely held corporation at the death, disability or retirement of a stockholder.
- Key Person Insurance – Provide financial security for your business in the event you, or another key employee, are not able to work as a result of illness, disability or death.
- Salary continuation
- Business overhead expense insurance
- Employer-paid executive disability
Supplemental Group Insurance
Because group plans may not meet the needs of highly compensated executives, we use individually tailored life and disability programs to supplement group benefits packages for the business owner and/or highly compensated individual.
Executive Benefit Retirement Plans
These custom-designed executive benefit retirement programs offer the same features of qualified plans without the restrictions and cost. A number of options are available; our professionals provide a detailed analysis to determine which program suits your needs and the needs of your employees.
Specialty Executive Benefit Plans
There are a number of ways to protect the income of key employees while enhancing their compensation package. Our professionals can tailor coverage for key executives, including:
Business Succession Planning
There are a variety of strategies available to protect the future financial security of your business should an unforeseen event require a change in ownership. We have first-hand experience with these products and are able to recommend those that will best suit the needs of your business. Following are some of the most common methods:
Income Replacement and Protection
Planning for the protection of executive income in the event of disability is increasingly important. We offer a variety of solutions:
