Business Planning

As a business owner you know how easy it is to get lost in the day-to-day activities of running a profitable business.

If the unexpected happens, who’s going to run your business?

A thorough business succession plan can ensure that retirement, death or disability won’t force your family to sell or liquidate your business.

By planning now you can make sure you and your family will receive the full value of your life’s work.

·     Buy-Sell Funding-   Life insurance can provide the funds to support your business succession plans and protect your business’ financial security after your death.

·     Cross-Sell Agreements-   Business owners that are partners invested purchase life insurance as a cross sell on each other to cover the amount invested in.

·     Split Dollar Life Insurance-   this plan enables you, as the business owner, to purchase needed life insurance for a low cash outlay. Premiums, death benefits and cash values are split with your business, which recovers its share of the premiums from the policy’s death benefit.

·     Business Loan Insurance-   You can use life insurance to cover your business debts and allow your family to assume a debt-free business should you die unexpectedly.

·     Key Employee Insurance-   You depend on your key employees. Chances are they contributed to the success of your business. If one dies, life insurance owned by your business can help cover the cost of finding and training a replacement.

·     Business Overhead Expense-   As a working business owner, your disability could reduce your business’ cash flow. This insurance plan can provide money to help cover normal operating expenses if you can’t work due to a covered illness or injury.

·     Qualified Retirement Plans-   Retirement income is critically important to you and your employees. Several retirement plans are available to help reduce taxable income. These plans are also helpful in recruiting, retaining and rewarding your valuable employees. These options include 401K and IRA plans.

·     Employee-Paid Worksite Plans-   Your employees can voluntarily select supplemental benefits to fit their insurance needs and conveniently pay for them through payroll deduction.

·     Executive Bonus Plan-   This is used as add on to employee benefit packages. This coverage can help with important individual financial needs, such as college funding, estate liquidity and supplemental retirement.

·     Deferred Compensation Plans-   For business owners and employees of all types of businesses, these plans could help save taxes by deferring some of their current salary until retirement.

·    Group Health Insurance-   We offer individual and group coverage benefits. We offer a wide range of programs through many different insurance companies. Each plan can be tailored to you specific needs and budget.
 

WILLS AND TRUST

Scozia IFS strongly advises our clients to have the most complete and detailed plan in place when it comes to your business. We feel a business plan is incomplete without proper designation and understanding. Protection is our focus for you and your business. We have selected some of the very best attorney’s for estate planning, We work hand in hand with them to bring you the best possible result.

Please visit "our companies" page to take a look at the selection of insurance companies we work with to meet all of your business needs.