Business Protection Plan
As a business owner, you know that your company is as strong as the employees who work for you. It’s up to you to keep them feeling rewarded and appreciated by offering the right key employee benefits.
At Allmerits Financial, we offer solutions for your key employee benefit needs with a variety of products that can help with business succession planning, employee retention and supplemental retirement offerings. These benefits utilize life insurance products to provide protection and the opportunity for cash accumulation.
A business life insurance policy can be corporate-owned (COLI) or corporate-sponsored, individually owned (CSIO). With COLI the business owns the policy and pays the premium. The policy is a business asset that offsets future benefit obligations. With CSIO the business helps the employee buy the policy as a benefit and may help with premiums, but the employee owns the policy and may keep it even when employment ends.
There are three key features of the Business Protection Plans:
Ensure the Continuation of Your Business With a Business Succession Plan
Retain Top Talent With
A Key Employee Benefit
Give Your Top Employees
Another Way to Save for Retirement