Business transition planning is an important part of your growth plan. In the event of a death, disability or resignation of a key employee or a future change in management, would your business be as successful as it is today?
Key employee benefits and protection can help you prepare for the unexpected. And, to make sure your business exists in the future the way you want, we’ll help you plan for that, too.
Do you have a plan in place today? A formal agreement established by and between business owners, family members, key employees or other third parties helps keep your business going due to a death, disability or the retirement of an owner. We can help you with funding the agreement. Life and disability buy-out insurance can help reduce the financial strain on remaining owners.
Recruit, reward, retain and retire the key employees whose performance most affects the success of your organization. Key employee benefits can help you help them. these plans can provide additional benefits and/or help them make up for benefits lost due to government restrictions placed on qualified retirement plans. The result? More engaged and loyal employees and a great recruiting tool too.
Protect the integrity, cash flow and ongoing success of your business from the loss of a key employee due to death, disability or termination of employment. Key person insurance helps the business overcome additional expenses associated with recruiting and training a replacement.
Beginning at the start of 2017, small businesses can again offer stand-alone HRAs (Health Reimbursement Arrangements) to their employees, thanks to the Small Business Healthcare Relief Act (SBHRA). These plans were available in the past, [...]