The success of most businesses is tied in to the talent, passion, and work ethics of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We can help you with funding non-qualified plans, supplemental employee retirement plans, split dollar arrangements, and more.

Succession planning allows owners to retire from their business within their own time frame, while preparing for the company to be transferred to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business.

When speaking with business owners, usually the most valuable asset in the entire company is the one in the pair of shoes talking to us. It’s the same person who signed the bank note and makes the biggest daily decisions. Key person insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets - the key person. This can shore up the balance sheet, assure continuity of the business for employees, customers and creditors, and protects against losses in sales, momentum and credit. It can also be used to assist with recruiting and developing a replacement.

A buy–sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure the arrangement is properly funded so there will be money when the event is triggered. The day the partner is gone is the day money is needed for the surviving family members to fund the buy out agreement. When properly funded with life insurance, confidence is built and anxiety reduced.

Deferred compensation is a written agreement between an employer and an employee in which the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed to them at a predetermined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees.