Planning for Owners and Executives

Business Owners
Business Overhead Expense: If a disability strikes the owner or a shareholder, are you prepared to pay the ongoing business expenses?

Benefits of the Overhead Policy: Helps meet routine business expenses and allows the business to remain open. Assures creditors, customers and employees of business continuity. Premiums are tax-deductible as an ordinary and necessary business expense.

Disability Buy-Out: Would your business survive if you or one of your partners were to become disabled and were completely unable to work?

Benefits of a Disability Buy-Out Policy:

• Assures a definite price under mutual conditions
• Creates an automatic market for the business
• Business control retained by active owners
• Assures that funds are available to execute the purchase

Corporate Executives
Key Man Insurance: What would happen to your business if one of your executive officers were to die? Are you in a position to capitalize the loss of time, the recruiting process to replace the executive, the additional salary that may be required to replace the executive?

We can assist you in evaluating and covering these risks.

Other owner and executive benefits would include but not be limited to:

• Dual Benefit Plans
• Deferred Compensation
• Split Dollar Plans
• Buy-Sell Planning
• Exit Strategies for Business Owners
• Salary Continuation Plans