In today’s working environment, valued employees are looking for more than financial compensation. They also want an employer who supports their health, and the health of their families.For this reason, either by itself or paired with group insurance products, consider attracting and retaining employees with group benefit plans. From traditional health and dental benefits to alternative arrangements like employee wellness programs, group auto insurance or flexible work situations, group benefits help make employees more efficient, productive, and happy. Employers also gain tax benefits, such as premiums that are deductible as a business expense in some cases.Flexible plans offer employers and employees cost-effective, customized ways to address their needs. Choose from an array of benefits which include:Prescription drugs, paramedical services, vision care, out-of-country medical coverage, basic dental work and orthodonticsGroup life insuranceGroup short- and long-term disability insuranceEmployee assistance and wellness programsBusiness/Tenant Insurance available.

 

Shareholder / Partnership Agreements

If your corporation has more than one shareholder, a shareholder’s agreement should include a “buy-sell” provision that provides direction as to what happens on the death or disability of one of the shareholders. A tax-efficient way to fund a buy-sell agreement in the event of the death of a shareholder is through life insurance.  Life insurance provides immediate liquidity for funding the buyout of shares owned by the deceased shareholder’s estate.Every company that has more than one owner should have an up-to-date shareholder agreement.  It is prudent planning to protect the assets you have worked so hard to build.As owners of businesses that have transitioned through generations ourselves, we are well equipped to help you navigate through the myriad of options you have at your disposal.​