Sentences with phrase «continuation plan a business»

Depending on the continuation plan a business owner has in place, either term or whole life might work.

Not exact matches

Few other assets create instant tax free dollars as well as life insurance when planning for business continuation.

Protect what's most important: Spouse, Children, Parents, Grandchildren College Savings, Wealth Building, Retirement Savings Estate Planning, Wealth Transfer, Charitable Giving through policy loans Business Continuation, Buy - Sell Plans Executive Bonus Plans, Deferred Compensation Plans

A section 162 executive bonus plan is a form of business continuation and succession planning vital to the ongoing operation of a business.

There are other more complex family business planning strategies such as a charitable lead trusts or charitable remainder trusts that also could coordinate with your business continuation life insurance as part of a tax deferment and savings strategy.

«If possible, having [a] diversified business is always helpful as well as a solid business continuation plan,» MacKay said.

In addition to insurance marketing, he has helped clients and attorneys establish business continuation plans, retirement plans and estate plans.

The changes proposed in the Immigration Bill and the changes due to be implemented as a result of the Transforming Legal Aid exercise may well be the final straw for many immigration firms, whose post-LASPO business plans had been built, in part, around the continuation of their judicial review practice.

Erie Family Life can help with life insurance solutions for funding business continuation plans, key person protection and even employee benefits like deferred compensation and executive bonus plans.

They can choose to set up a business continuation plan as a cross-purchase or an entity purchase.

Also know as a continuation plan or a will for the business; this cover is vital to the ensure stability and manageability through a buy / sell agreement.

When considering long term estate planning or business continuation plans, the owner of the policy is usually different than what you might think.

Key person term life insurance helps your business create a continuation plan should they ever lose a top employee.

Few other assets create instant tax free dollars as well as life insurance when planning for business continuation.

Beyond those, more advanced plans might be set up for business continuation, executive benefits, buyouts, and more.

Guaranteed UL policies are very useful in long term planning situation such as business continuation and buy - sell planning.

Some of the concerns in business continuation planning include:

In many cases, key man insurance is an ideal solution to many of the problems with business continuation planning.

This policy is specifically tailored to aid those aged 50 — 75 to help safe guard assets or satisfy business continuation plans by minimizing taxes.

This product that once only provided a basic death benefit in return for a regular premium, has today become a key component of financial, estate, and business continuation planning.

However, permanent cash value life insurance has its place for specific situations such as estate planning, final expense costs, business continuation and etc..

Business continuation insurance: Generally refers to a life insurance policy used to fund a business continuation plan (also see buy - sell insBusiness continuation insurance: Generally refers to a life insurance policy used to fund a business continuation plan (also see buy - sell insbusiness continuation plan (also see buy - sell insurance).

It can also help small business owners with their continuation planning.

This very competitively priced plan provides long term protection that can help in meeting a wide variety of needs, including income for a surviving spouse and / or other loved ones, funds for paying estate taxes, funding for business continuation plans, and / or protection against the loss of a key employee or business owner.

Term insurance is a very inexpensive solution to finance a Buy - Sell agreement which is the primary part of any business continuation plan.

Business continuation planning with life insurance can help your family keep it going if you're not around.

Business owners typically risk a significant amount of capital and invest a significant amount of time to get their organization up and running, but many fail to adopt a plan for continuation when the worse scenario unexpectedly happens.

A section 162 executive bonus plan is a form of business continuation and succession planning vital to the ongoing operation of a business.

Any closely held business organization, like a real estate broker, whether newly created or established, should have a defined business continuation plan to financially accommodate the possibility of an owner or partner dying, retiring, or becoming disabled.

Survivorship whole life insurance can be part of a smart, tax - advantaged financial plan that ensures the continuation of a family or business, but you must do your homework to see if it's right for your circumstances.

«GE Capital performed flawlessly, generating a huge win for our clients and this trophy asset, providing financing critical to the continuation of the successful business plan at The Mercato,» said Remington.