Disability Insurance Insights…The Essence Of Key Person Planning

Key person coverage is a business insurance that has been prescribed very readily on the life insurance side of our industry, and sales are actually good. However, the adoption of key person disability insurance has not been as widely received over the many years since its inception. The reasons are probably the same as they … Continue reading

Why Advisors are Getting the Gen Y Pink Slip

The insurance industry remains befuddled by Gen Y, more specifically those born after 1980. Carriers are trying to figure out when and how to build products for them. Intermediaries are trying to capture them on social media. Advisors are trying to figure out how to keep them as clients after their parents die. Finding and attracting … Continue reading

The New Golden Handcuffs

How a split-dollar strategy allows deferred compensation for small- to mid-sized companies With all the changes to executive benefit arrangements in the past decade, can a smallto medium-sized employer on a budget provide a meaningful benefit to key employees to ensure loyalty and compete with larger corporations? The answer is a resounding “yes.” The passage … Continue reading

A Flexible Solution to Attract and Retain Key Employees

401(k) Look-Alike Plan with a S.O.L.A.R. Insurance Arrangement: A flexible solution to attract and reward key employees! In a classic 401(k) Look-Alike Plan, a traditional nonqualified deferred compensation (NQDC) plan, the employee participants choose to defer receipt of a portion of their income and thereby defer the income taxes due on that income. Employers also … Continue reading

Business Planning: Key Employee Life Insurance

Key employee life insurance is designed to indemnify your business for the death of an employee who is vital to your continued business success. How it Works 1. The business pays premiums on a life insurance policy insuring your business’ key employee. 2. The business is the owner and beneficiary of the policy. 3. Upon … Continue reading