Life

As important as insuring your business or commercial real estate is, insuring your life is just as, if not more important.  As an added service to our business clients, Madison Avenue Insurance Group has an experienced Life Insurance Specialist on staff.  We offer the following Life Insurance, Health Insurance, Medicare and Annuity Products to our customers:

Business & Personal Life Insurance

Partnership Buy-Sell Plans

These plans can be simple or complex.  The question to ask is “What will happen to the partnership when one of the partners dies”?  Will the remaining partner(s) continue business with the deceased partner’s family? Or should there be a set price paid to the family to release their interest in the partnership?  These agreements can be easily funded with Life Insurance.*, **

Policy Replacement/1035 Exchanges

Mortality rates keep increasing which means the cost of life insurance continues to decrease.  Non-Guaranteed Life Products can often times be re-written to Guaranteed Universal Life Insurance products. Call us for a policy review today.*, **

Key Man Insurance

This is purchased when there is a “Key” Employee that the business would have a difficult time replacing.  And/or that their death would have an adveise affect on the business. The funds could be used to sway a potential hire away from their existing company or pay for temporary help. **

Creditor Protection & Charity Gifting Plans

When banks want a personal guarantee on loans, Life Insurance, at times, could be used as additional creditor protection. If a significant amount of money to a charity, this can also be set up with Life Insurance. Charitable gifts can also be provided for with life insurance policies **

Family Needs/Estate Protection Plans

With the sorrow and despair that comes with loosing a loved one, don’t let financial burdens add further grief. Planning the financial future for your family is a great gift to leave them. Let us help you protcet your loved ones.**,*

Why Life on a child or granchild?

Great employees are hard to find. Reward them by offering Group Life and Health Insurance.  The costs can be partially employee paid and the business expense is often tax deductible.* 

Types of policies: Term, Universal Life, Veriable Universal Life, Index Universal Life, Whole Life.

Annuities

Have you made too much money this year? After you max out your retirement contributions, and do not qualify for Life insurance due to health issues?  Consider buying an annuity. 

Annuities can also be used to facilitate “gifting” and/or a great addition to your family trusts.*

 

*Consult your tax advisor **Life and Health insurance product qualifications are determined by an underwriting process and not guaranteed.