Business continuation solutions:
You may have a written agreement detailing the future of the business in the event of your retirement or death, or even that of a key employee. A life insurance policy can fund that agreement. A fully funded Buy/Sell Agreement will help the business continue by providing the financial support necessary to protect business interests. A Buy/Sell Agreement is a contract that facilitates a seamless transfer of ownership upon the death of an owner. The agreement defines who will purchase the deceased's business interest and who is obligated to sell. The agreement also establishes the selling and buying price.
Key Person Protection:
Key person insurance helps a business stay in business in the event of the death of an owner or key contributor. It also helps assure continuity of the business for employees, customers and creditors. The tax-free policy proceeds cover financial losses upon the death of the key person and can help offset loss of business value or profits.
Deferred Compensation Plan:
Deferred compensation plan is an insurance-based retirement plan where a portion of an employee's income is paid at a specified future date. The business owner purchases a life insurance policy that accumulates cash value that can be used to supply income later in life. This plan is ideal for providing benefits to key employees and additional savings beyond employer-sponsored retirement programs. Benefits for the Employer: attact and retain key employees, supplemental benefits for select personnel, defer taxes to the time the employee actually receives the income, one policy can be used to provide low cost life insurance during employment and help fund a retirement benefit later, and flexibility - you choose the participants and level of benefits.
Executive Bonus Plan:An executive bonus life insurance plan rewards select key employees by providing individual life insurance to help protect their families. Having your company pay the tax-deductible premiums may yield benefits for you and your employee. Working closely with your attorney or tax advisor will help clarify any tax benefits. At retirement, the employee may choose to use the policy's cash value as supplemental retirement income or to continue the life insurance protection.
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190 West Main Street, Amelia, Ohio 45102, United States
513-752-7722 Office 513-218-4708 Work Cell Shannon@autohomelife.net
09:00 am – 05:00 pm
Campbell & Associates Insurance Agency, Inc
190 W. Main Street Amelia, OH 45102
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