Business owners often need help in understanding the risks they face day to day, and how to plan for the continuation of their companies. Whether it’s the death or disability of owners or key-employees, saving for retirement, or preparing the business for eventual sale or succession to the next generation, we are here to ensure they’re protected.
WE'LL HELP YOU BUILD YOUR WEALTH, AND KEEP IT
Our insurance advisors can help you uncover and quantify the business’s needs in order to demonstrate the potentially negative impact of gaps in coverage. GBS can assist in obtaining an informal business valuation that shows fair-market value used in determining amounts of coverage needed, which is a key part in starting the process. We also help review existing succession plans to determine if any updates are recommended.
Our Life Specialists can help your business owner clients with:
- Informal business valuation
- Succession plan review
- Key-Person, Buy-Sell coverage for both Life and Disability
- Business Overhead/Buy-Out Disability
- Life Insurance in Pension and Qualified Plans
Top Talent is Your Top Asset
In order to attract, retain, and reward your best people, GBS can help you provide Executive Benefits that go a long way towards keeping your key players engaged. Executive Benefits include:
- Non-Qualified Deferred Compensation (NQDC)
- Supplemental Executive Retirement Plans (SERPs)
- IRC 162 Bonus Plans
- Multi-Life Executive Carve Outs – Simplified/Guaranteed Issue (SI/GI)
- Restricted Executive Bonus Plans (REBA)
- Corporate/Bank Owned Life Insurance (COLI/BOLI)
Helping your clients plan for the future of their businesses can be complicated, but with GBS as your back office it’s a simple as making a call. Custom coverage to fit even the most unique circumstances is what we do best.
RELATED RESOURCES
- GBS Key-Person Fact-Finder
- GBS Buy-Sell Fact-Finder
- Business Owner Fact-Finder - Mutual of Omaha
- Understanding Employer Owned Life Insurance (EOLI) - John Hancock
- Business Life Cycles - Principal