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The
foundational benefit program for small businesses
is a company-sponsored retirement program. With
the retirement challenge facing all Americans,
a program enabling you and your employees to save
for retirement is an essential benefit. We can help
you research different retirement plan options, understand
best practices in plan design and fiduciary liability
management, or arrange a RetirementPlanAudit of
an existing plan.
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Accidents happen and when a disability leaves you unable
to work for an extended length of time, you lose the
ability to earn an income. For small business owners,
the concerns are even greater: How long can your business
survive without you? How are overhead expenses paid
in your absence? What about employees and clients?
Small business owners may want to consider disability
income (DI) insurance to protect both their income
and their business. And if you have partners, disability
insurance also serves as an excellent funding vehicle
for a buy-sell
agreement.
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Flip a coin and you'll understand the risk you face of
having a major long-term care expense - an expense
that could consume your hard earned nest egg. Thankfully,
recent changes made in government policy provide favorable
tax treatment to long-term care (LTC) insurance buyers.
In fact, when small businesses purchase a tax-qualified
policy for its employees, the corporation can take
a 100% deduction as a business expense. Even the self-employed
may deduct their premiums as a business expense.
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Life insurance is another valuable solution to protect
you and your family against the unexpected and can
provide financial security to family members upon the
loss of a loved one. For small business owners, life
insurance can also serve as a protection for one's
business and can be utilized to insure
key persons and as a funding source for buy-sell
agreements. There
are several popular forms of life insurance including
term, universal
life, whole life, and variable
life.
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