retirement plan disability completion
When partners and employees become disabled, contributions to their 401k, profit sharing, and defined benefit pension plans STOP. As a result, they can lose millions of dollars of benefits at age 65 – the very time when payments from their disability insurance plans usually terminate.
The solution is special disability insurance plans that can be acquired in addition to the firm’s Long Term Disability (LTD) program. Benefits can be payable directly to the retirement plans, to a trust, or to the partnership and the protection can be acquired on a guaranteed issue basis.
For a customized web video for your firm, complete this simple form to get the process started! What do you have to lose?
tax subsidized long term care insurance protection
Partners and employees can protect their incomes and their families’ assets against the possibility of facing million dollar extended care costs while benefiting from this value proposition:
-
If they or their family members need care as the result of serious injuries or strokes – or from illnesses such as cancer, Parkinson’s and Alzheimer’s – an insurance company will payfor it.
-
If they do not need care, the insurance company will refund their premiums.
- Tax subsidies can pay a significant part of their premiums.
Watch this short VIDEO: 3 Devastating Events that can Cause your Retirement Plan to Fail: A Special Retirement Security Plan for Law Firms
Click here for a customized video presentation on how this could work for your firm. What do you have to lose?
tax deductible extended care insurance and deferred compensation survivorship benefits for shareholder employees in professional
"C" Corporations
Professional Corporations who are taxed as “C” corporations can provide this value proposition to their shareholder employees:
- The firm can buy special long term care insurance policies for selected employees and their spouses.
- The premium is tax-deductible to the firm, but not taxable to the employees.
- If the employees need extended health care, they can be paid millions of dollars in tax free benefits.
- If the employees do not need care, 100% of the firm's tax deductible premiums will be refunded to their personal beneficiaries at their deaths (an effective deferred compensation death benefit funded by the insurance company).
Click here for a customized video presentation on how this could work for your firm. What do you have to lose?
no limit group disability insurance protection for partners and key employees
Many partners and key employees will suffer severe losses in their take home incomes when they become disabled because of limits on their group long term disability (LTD) coverage. Now group LTD insurance protection can be acquired up to 60% of partners’ total income – regardless of the amount of the income to be insured. In addition, significant amounts of this valuable coverage can be acquired on a guaranteed issue basis.
Click here for a customized video presentation on how this could work for your firm. What do you have to lose?
LTD risk transfer and rate stabilization plan
Many firms have large amounts of group long term disability insurance coverage in force on their partners. The problem with these high limits is that a few claims can substantially increase the premiums for all of the partners and employees.
The solution is our 40/20 plan that transfers a significant amount of the LTD risk to individual policies written on a guaranteed issue group basis – and usually without an increase in the firm’s total LTD premiums. The advantage is that the premiums on the individual policies cannot be increased and the coverage cannot be reduced. Therefore, adverse claims experience will rarely result in rate increases.
Download our 40/20 Disability article to learn more.
Click here to request a custom video for your firm to see how this can work! What do you have to lose?
Sign up for our Law Firm newsletter! We send out White Papers, Videos and more valuable information on a monthly basis. Click here now.
|
|
|
