Business protection - What is Yours?

Small business owners are looking for strategies to address needs that include retaining key talent, protecting their business and developing a solid transition plan. Life insurance can be an effective solution for succession planning, key employee coverage, and executive benefit planning.

Owners may be responding to a variety of challenges, including concern for family, employees and customers, retirement uncertainty, investment recovery, finance control and the struggle to maintain a competitive edge in their business.

Owners can focus on talent and retention

Owners in a competitive environment focused on attracting key talent and retaining key talent. They may want to use a combination of compensation and benefits to address this need.

Owners concerned with key employees

Any business with a top executive or other employee responsible for the profitability of the organization that needs financial protection from the expenses and losses caused by the death of their key employee.

An executive bonus plan can use life insurance as a fringe benefit for the owners, or as an incentive to attract and retain top talent.

A split-dollar plan may provide a cost-efficient way for you to offer selected employees valuable death benefit protection, supplemental retirement benefits or both.

A Supplemental Executive Retirement Plan (SERP) is an employer-paid deferred compensation agreement that provides supplemental retirement income to a key employee, based on the employee meeting certain vesting or other specified conditions. Informally funding with life insurance provides the potential for strong cash value growth that can be used to pay the promised supplemental retirement income.

If your a small to medium business owner that wants to learn more about how you can benefit from these Insurance Benefit Opportunities please reach out to me directly via messaging me here on LinkedIn or at [email protected]