Business Solutions
Group Coverages
Group Health Insurance
To find, obtain, and retain good employees is essential to any business. When your employees are healthy and happy, your business is healthy too! Offering a group health insurance plan is an essential employee benefit that is essential in today’s labor market.
To make your employee benefits a differentiator, you need to offer the “right” benefit and explain to your team how to use it. Since every group is different, you need a broker who will work with you to connect your purpose to the plan you offer and then meet with your team to know how to experience the benefit.
Group Life & Disability
Adding group life insurance and group disability to your employee benefits can help you compete with large employers for talent. These two employee benefits can be a simple (and budget friendly) way to show your employees you care about their health and financial well being.
Group Life & Disability
Did you know that one in four people will be disabled at some point during their careers? Disability insurance is designed to protect your income by replacing a portion of your paycheck if you’re ever too sick or injured to work. It lets you rest easy knowing that your expenses will be covered, keeping your lifestyle intact and your financial plan on track so you can focus on getting better.
Your ability to earn a living is likely the most important financial asset you have. Disability insurance can help protect your income in case the unexpected happens.
Funding a Buy-Sell Agreement
As you start and grow a business with a partner, establishing a buy-sell agreement is an important step in protecting everyone’s best interest. A buy-sell agreement is basically an exit strategy for you and your business partenr(s) in the event of desire changes, disability, and/or death. It sets the framework for how ownership shares should be handled and valued. Not having one can be a disaster.
Once you have it established, you need to figure out how to fund it. If – or should we say when – you need to act on it, money will change hands. Work with us to figure out the best way to make that happen when you need it most.
Keyperson Retention (aka "Golden Handcuffs")
Looking for a creative way to attract and retain key talent? If so, consider a golden handcuff strategy. Put simply, this is when an employer defers compensation to an employee (typically a key employee) to a later payout date for staying with a company for a specified amount of time. Often life insurance will be the vehicle used for holding the deferred compensation. Once the allotted time has passed, the employee receives the policy, which has cash value. If the employee leaves the company before the allotted time, the company keeps the life insurance policy, which they can choose to keep on the ex-employee or cash in on.
Executive Deferred Compensation
Non-qualified benefits are for owners and key employees. As the owner of a closely held business, you may already offer (and participate in) a qualified retirement plan such as a SEP, Simple, or 401(k). If so, you are well aware they offer significant tax advantages and meaningful benefits. The down side is there are rules governing contribution limits, minimum distributions, early withdrawals, and minimum vesting amounts.
Fortunately, there are additional options to supplement the compensation for key employees who may be limited by participating in qualified programs. You can consider a Supplemental Executive Retirement Plan (SERP), an Executive Deferred Compensation Plan, or a Bonus Plan. We can work with you to tailor and implement the best plan to meet your purpose and objectives.
Why Love Nature
Your customers just learned what services you offer. Tell them why they should work with you or your team, for example you could highlight your experience and positive client reviews.
The badges illustrate this. We also focus on key benefits they will get while using our services, namely quick turnaround times and dedicated support. You could also use them to show awards you won for your best work.