Have you adequately planned for the future? Business continuation planning assists businesses upon the owner's retirement. It also covers unexpected circumstances such as death or disability of the owner or a key employee. Both Buy-Sell Agreements and Key Employee Protection planning are techniques to accomplish these objectives.
Retaining a talented team member(s) is essential if your business is to thrive. One of the best ways of ensuring this happens is to offer executive compensation. Executive bonus arrangements and split-dollar arrangements are two options that can meet these objectives.
Voluntary Employee Benefits
Increasingly, employers are opting to add voluntary benefits to their current programs. These packages offer everything from life insurance, dental, and disability to vision and accident/health benefits. When offer your employees flexible benefit plans, you are more likely to attract the best talent. It is possible to add a great deal of additional value and employee coverage with minimal or no cost to your company.
Using Life Insurance in Retirement
Life insurance provides high levels of retirement income benefits both for company owners as well as employees. It also offers a high level of flexibility and typically very few regulations compared to qualified plans.