Post-COVID Insurance & Financial Planning Strategies for Business Owners & Professionals
If you are a business owner or professional and haven’t recently reviewed your Business, Life, and Disability Insurance Portfolio, and are wondering what to do in the new Post-COVID financial environment, you’re in the right place.
MBK & Associates, INC. has created planning strategies that will mitigate risk, enhance performance and maximize shareholder/owner benefits for all your business, life, and disability insurance moving forward.
Let us help you take control of your financial freedom as a business owner.
Business Owners & Professionals: “A New Frontier in a Post-COVID19 World”
Understanding what you can do with your future starts with a quick conversation. Here are a few strategies that we can help you with to help you meet using some of your business and financial goals.
Corporate Insurance Review Service
A comprehensive review of existing corporate insurance programs including corporate life and disability insurance. Any existing buy/sell agreements, compensation plans, etc. We will benchmark current situation and enhance planning options.
Buy/Sell Insurance with Supplemental Retirement Income
Life insurance funding to executive buy out in the event of death. Premiums remain level until retirement. At retirement, partners receive lifetime non-taxable supplemental retirement distributions.
Executive Trifecta Plan
Selected executives are insured in favor of the Corporation providing indemnification for loss. Each insured executive is provided with corporate-paid survivor income benefits while employed. At executive’s retirement, life insurance transferred to the executive creating a supplemental retirement asset.
Personal & Business Disability Income Planning
Provides necessary continues income streams and cash benefits to fund personal financial obligations, business agreements and pension benefits in the event of a permanent and long-term disability, on a cost efficient basis.
Tax-Efficient Capital Transfer Plan (TECT)
Proceeds from paid premiums and assets from capital to insurance carrier in lump sum. Third party bank loan covers tax liability, policy values pay loan interest to bank. The bank repaid loan from policy continues to grow tax deferred, giving you tax free retirement distributions beginning at retirement age.