As businesses grow, existing plans may be patched together inefficiently. In this case, three business owners operating with an entity purchase buy-sell agreement had a total of nine term policies. See how they reworked the partnership with cash accumulation life insurance.

Business owners may appreciate simple plans with minimal administrative requirements. In this case, a profitable small business was seeking to create a key executive benefit plan for top management. This Restricted Endorsement Bonus Arrangement (REBA) was the answer.

This a client-facing overview of ways a business owner can retain key employees. Moving from simple to complex, it covers endorsement split dollar, executive bonus with an option to add restriction and defined contribution supplemental retirement plan.

Three plans. One goal: help a business owner retain key employees. Moving from simple to more complex, these plans include and an endorsement split dollar plan, executive bonus plan with option to add restriction and defined contribution supplemental retirement plan.

When someone plans to leave a charitable legacy, the typical approach is to include a bequest in the will. Instead, try using life insurance. Have the charitable organization purchase life insurance on the life of the donor or name the charity as beneficiary of an existing policy.

A charitable lead trust (CLT) is a “split-interest” trust with both an income and remainder beneficiary. The trust makes distributions to a qualified charity for either a specific term or the life of an individual. Upon death, remaining assets are distributed to the donor’s beneficiaries.

Buy-sell agreements are frequently funded with life insurance, assuring that if an owner dies, the surviving family has a buyer with the cash to pay a fair price. Whether it's as stock redemption or cross-purchase agreement, it will help remaining owners retain control of the business.

Clients who wish to leave assets to their families should consider IRA Legacy Maximization. To use this strategy, clients must be sure they won't need the IRA for retirement. The owner establishes an individual life insurance trust (ILIT) with distributions to fund the life insurance.

Good planning starts with asking the right questions. This workbook will help you stay organized through the retirement planning data gathering process. There is room to record employer information, proposal census data, retirement plan design, goals and related notes.

Good planning starts with asking the right questions. This workbook will help you stay organized through the business planning data gathering process. There is room to record client information such as business valuation and succession plans, executive benefits and retirement plans.

Good planning starts with asking the right questions. This workbook will help you stay organized through the estate planning data gathering process. There is room to record client information such as current estate plans, objectives, existing insurance policies and other notes.

Start the conversation to help protect your business owner clients against the loss of a key employee. The business purchases life insurance or disability insurance on a key person and pays all premiums. Upon death or disability, the benefit is paid directly to the business.