I help clients minimize risk and maximize wealth through the following services:
- Life Insurance
- Annuities
- Disability & Long-Term Care Insurance
- Business & Estate Planning
- Risk Management Analysis
- Executive Compensation
- Employee Benefits
- Corporate Retirement Services
- Business Succession Planning
Please contact me for a free consultation in any of these areas.
Life Insurance
I focus on insurance contracts with the least risk and the greatest benefits, which is permanent insurance. Permanent insurance offers the following benefits:
- Optimized Cash Flow
- Maximized Actual Rate of Return
- Legally Pay the Least Amount of Taxes
- Results in More Tax-Free & Tax-Advantaged Money
- Greater Security By Balancing Risk With Actual Return
- Makes Charitable Giving Possible
- Near-Guaranteed Financial Safety Net So That Higher-Risk Ventures Become More Tolerable
- The Certainty That Your Family Will Be Taken Care Of
- Scientific Measurements that Verify Your Plan’s Ability to Achieve All of the Above Goals
Annuities
Annuities are financial contracts issued by insurance companies to provide either fixed or variable returns on a tax-deferred basis to an investor.
Current variable products allow the purchaser to participate in equity markets while simultaneously providing downside protection via guaranteed returns should equity markets decline.
Disability & Long-Term Care Insurance
Disability insurance provides income in the event of disability due to either sickness or injury. If coverage is paid personally with after-tax dollars, benefits are received tax-free* and the insured is able to apply for a benefit period at time of application that can range from two years to their entire lifetime.
According to a 2008 study done by the Council on Disability Awareness, most people are not prepared for a disability that would last any significant length of time, and those that own coverage have too little or the incorrect type.
Long-term care insurance helps cover the costs of assisted living as we age. A variety of plans and benefit periods are available and the most comprehensive policies will cover costs of assistance in one’s home or in nursing or assisted living facility if necessary.
*This publication is offered for the purposes of education and information only and should not be considered tax or legal advice. For information on your specific situation, please consult your legal or tax advisor.
Business & Estate Planning
I assist business owners in the design and implementation of programs to ensure their businesses are passed along to family or valued employees without being detrimentally impacted by estate or inheritance taxes.
I help owners and executives plan their personal estates to ensure maximum distribution and conservation to future generations.
Risk Management Analysis
Implementing a risk management program is fundamental to a company’s ability to protect itself against the loss of key personnel through death or disabling injury or sickness.
I offer expertise on selecting life and disability insurance coverage for such a program.
We conduct a financial security analysis to determine the appropriate protection for companies and their key executives, which encompasses evaluating risk management needs and balancing them with living or wealth accumulation objectives.
We design risk management programs to be affordable, to fill corporate and individual needs, and to be flexible enough to allow for a change as needs change. Our analysis also involves a review of any existing coverage to ensure it is cost effective and includes up-to-date features.
Through risk management analysis, we can deliver solutions in the form of policies valued and designed according to our clients’ needs.
Executive Compensation
Non-qualified deferred compensation programs, typically employed to provide supplement retirement benefits to senior management, include selective incentive plans, wherein the company makes contributions to fund the plan on behalf of selective employees.
Executive Compensation plans are a popular vehicle to attract and retain key individuals of your company.
Employee Benefits
Providing an employee benefits package that includes quality, affordable health care coverage continues to be one of the greatest challenges for today’s employers. We put our considerable experience in this field to work on delivering alternatives to our clients.
We evaluate the design of different benefits packages to achieve the best pricing structure and advise on implementing such options as cafeteria plans that allow for employee cost-sharing through tax deductible contributions. As well, we administer the benefits program, assisting employers with the claims filing procedure.
Corporate Retirement Services
Having the ability to retire comfortably and free from financial pressures remains the main issue for our clients – both business owners and employees. It is critical that the retirement plan be properly assigned, implemented, communicated and administered.
The appropriateness of a “qualified” or “non-qualified” plan for any individual is determined based on the individual’s existing financial condition as well as on his or her goals and dreams.
Retirement plans are dynamic, changing as client’s businesses and tax laws change. They demand continued and careful analysis, IRS compliance review and plan administration.
Working closely with consulting actuarial firms allows us to provide the ongoing administration of our client’s plans, including document preparation, annual reporting and servicing.
Business Succession Planning
A key goal of many of our business owner clients is to someday transfer their business interest to either family members or key employees. Properly done, this type of planning can offer to both the current and successor owner a worry free, tax efficient method of business succession. Furthermore, the loss of a business owner through death or disability can catch even the most efficiently managed small companies off guard and, worse, unprepared to deal with the repercussions.
Family businesses, in particular, are susceptible to erosion of capital due to estate taxes and legal fees; not to mention the possible hurdles of voting control being scattered among heirs, with conflicting points of view impeding the business’ operation and growth.
There are many pitfalls to business succession planning, and, as uncomfortable as it may be to discuss, a professional evaluation of your current situation can help avoid future problems.
