Building a business is hard work, which is why you absolutely must protect what you’ve worked so hard to build.
What would happen to your employees if instead of being in the boardroom, you’re in hospital, or even worse, deceased?
How would you earn an income and pay the bills, if your working life comes to a premature end?
We help bridge that gap by helping you to correctly assess your and your employee’s risk and provide solutions that not only mitigate that risk but more importantly – help you sleep at night.
Whatever your question, we’ve got the answer
A Buy & Sell arrangement keeps your business running in the event that you pass away or become disabled. It lets surviving business owners carry on and makes sure that your loved ones receive fair value for your business interest. A Buy & Sell also covers, if needed, the settlement of your credit loan account.
Keyman cover covers a person who is key to the running and/or profitability of your business. Whether it’s what they know, who they know or what they do, a key person’s sudden death or disability can signal disaster for a business.
So, ask yourself: Who could your business not survive without? Whether the answer’s YOU, your business partner or an indispensable employee, it is in your best interest to get that person covered.
You’ve found the perfect employee; armed with knowledge, equipped with skill and takes initiative. What happens if your perfect employee is poached?
You need a grand gesture; Preferred Compensation, an incentive plan that promises a future increase in their earnings, in the form of a tax-free lump sum, after a specified period of time (such as 5 or 10 years). Funded by an endowment policy, Preferred Compensation is a win-win; your employee gets an incentive to stay and you get peace of mind.
A Sinking Fund is a useful financial planning tool. It is a fund into which revenue is set aside to fund a future capital expense, to gradually repay a debt or to fund the replacement of a wasting asset. Basically, putting forced savings aside for when you really need it.