Buy-Sell Insurance
A closely-held business can be an individual’s greatest financial asset. The orderly and tax efficient disposition of a business asset, either on a voluntary or involuntary basis, is a very important part of any business owner’s financial plan. To that end, it is essential that a properly constructed Buy-Sell agreement must address and fund for multiple family and economic contingencies. Howell reviews Buy-Sell agreements for funding requirements and recommends alternatives. Life insurance, disability buy-out and other insurance products are considered in the selection of an optimal funding method.

For professional consultation, contact Bryan Boyle.

Business Succession Planning
A closely-held business is usually the owner’s greatest financial asset. The orderly and tax efficient disposition of a business asset, whether voluntary or involuntary, is an important part of any financial plan. A Buy-Sell Agreement must address and fund for multiple family and economic contingencies. Howell will review these agreements for funding requirements and offer professional advice as conditions change.

For professional consultation, contact Bryan Boyle.

Key Person Life Insurance
Key Person Life Insurance is a type of corporate owned life insurance which insures an employer against the death or incapacitation of a key executive or employee. The Pension Protection Act of 2006 significantly affected the potential taxation of employer owned life insurance. What was historically an income tax free benefit is now a taxable benefit unless certain requirements are met.  Howell assists employers in complying with regulations and provides competitive life insurance products for corporations and small businesses. Deferred Compensation Plans and Split-Dollar Life Insurance Plans should also be reviewed for compliance.

For professional consultation, contact Bryan Boyle.

Corporate Owned Life Insurance (COLI)
There are a number of reasons corporations buy life insurance. Some of the reasons include stock redemption, indemnification after the death of a key person, informal funding of a deferred compensation plan or for certain Split-Dollar Life Insurance arrangements.  Howell assists corporations and other business entities with COLI solutions.

For professional consultation, contact Bryan Boyle.

Long Term Care Insurance
An increasingly popular benefit among executive is Long Term Care (LTC) Insurance.  In certain cases, an employer can tax deduct LTC premiums and the executive need not report the premiums or benefits as taxable income.  It is rare to have this “mismatching” of premium and benefit taxation, particularly when it can also be accomplished on a discriminatory basis. To make LTC arrangements even more desirable, many carriers offer premium payment periods that end in 10 years or at age 65.

For professional consultation, contact Bryan Boyle.

Executive Disability Insurance
Although group long term disability coverage is provided to many executives by their employer, group benefits can be limited due to contractual plan design and tax restraints. Consequently, executives are often unknowingly discriminated against when it comes to protecting one of their largest assets; income.  Howell designs and administers executive long term disability plans which provide executives with maximum benefits on a tax-favored basis.

For professional consultation, contact Bryan Boyle.

The aforementioned material is a product and service listing and is not intended to be an offer for the sale of securities. Bryan Boyle is a registered representative and investment advisor representative of and offers securities and investment advisory services through Cambridge Investment Research, Inc.