Annuities, Executive Benefits, Life Insurance, Our Process
Annuities have become popular for retirees and pre-retirees because these contracts provide living benefits and guarantees. Annuities can help consumers create a private pension and a retirement income they can not outlive. Some benefits include:
- Principal Protection
- Minimum Interest Guarantees
- Tax Deferred Accumulation
- Death Benefits
Life Insurance has many benefits; asset protection, buy-sell agreements, estate liquidity, income replacement, key person risk, life insurance policy review, wealth accumulation and transfer.
Types of Life Insurance:
- Peace of mind insurance with cost-effective premiums.
- Permanent coverage, level premiums, no market risk, guarantees, cash value does not decrease due to market volatility and can provide supplemental retirement income.
- Flexible premiums, interest crediting, permanent coverage, secondary or no lapse guarantee (NLG) riders, with or without cash value accumulation, no market risk.
- Flexible premiums, interest crediting linked to performance of an index; i.e. S&P 500, principal protection, no market risk, cash value does not decrease due to market volatility and can provide supplemental retirement income.
Qualified Plans generally limit the amount of pre-tax income savings for executives. We now have long-term certainty over taxes for high income earners. Our strategy to manage taxes, fund retirement income gaps for business owners and HCEs is an outsourced Non-Qualified Deferred Compensation Plan. In a competitive business environment Non-Qualified Deferred Compensation Plans are considered ‘golden handcuffs’ that can attract, retain and reward key executives. Contact us for more detailed information.
Small and middle-market corporations with underfunded defined benefit plans ($5-50mm in pension obligations) have been impacted greatly by the low interest rate environment and recent market downturns. Our strategies can help plan administrators manage pension obligations more efficiently. Contact us for more detailed information.
All businesses have risk. The majority of a business enterprise risk is insurable through traditional commercial insurance. Some risk is either too costly to insure or insurance is unavailable. These businesses choose to self insure or retain this risk. Another form of self insurance that can provide access to the reinsurance market is Captive Insurance Companies (CIC). Captive Insurance Companies have been around for many decades and over 90% of Fortune 500 companies utilize them. Today many small to medium size businesses are able to manage their risk efficiently with cost-effective captive programs. Benefits include cash flow smoothing, efficient enterprise risk management, asset protection and estate planning. Contact us for more detailed information.
Protection against one’s greatest asset, future earning potential. Benefits cover long-term disability for injuries or major medical illness, i.e. cancer.
The passing of the Patient-Protection and Affordable Care Act (PPACA), also known as Obamacare has many businesses and individuals assessing their need for Health Insurance. We believe in listening to goals and objectives before making recommendations.
The fastest growing segment of the total population are people age 80 and older. We are prepared to have a conversation addressing concerns about Long Term Care.
The information on this website is designed to be general in nature and for educational purposes only. Momentum Risk Transfer, its agents and employees do not give tax, financial or legal advice. For specific advice, seek and rely upon the advice of a qualified tax advisor or attorney.