Life Insurance and Health Insurance:
Your Strategic Edge in Business
Unbiased Solutions for Tax Savings and Solid Benefits
As a business owner, you’re constantly weighing costs against value. When it comes to something as vital as life insurance and health insurance, you deserve more than a one-size-fits-all solution from a single carrier. You deserve an expert who can shop the entire market on your behalf.
As a non-captive agent working with a master broker, my allegiance is to your business, not a single insurance company. I work with the industry's top carriers to build a benefits package that is a custom fit, not a compromise. This strategic approach allows us to unlock significant tax savings and create a benefits package that positions your company as a top-tier employer.
The Tax-Advantaged Playbook: Unlock Your Savings
Life insurance and health insurance isn't about simply checking a box; it's about leveraging the tax code to your advantage.
Group Health Insurance: A Powerful Tax Deduction. The premiums you pay for a qualified group health insurance plan are generally 100% tax-deductible as a business expense. This directly reduces your taxable income, providing an immediate and substantial financial benefit. For the 2025 tax year, your business may also be eligible for the Small Business Health Care Tax Credit, potentially covering up to 50% of your premium costs if you meet specific criteria related to employee count and average wages. We'll explore if your business qualifies for this valuable credit.
Group Term Life Insurance: A Smart, Tax-Free Perk. Offering a group term life insurance policy to your team is a highly effective way to provide a valuable benefit. Premiums you pay as an employer are typically a tax-deductible expense. Even better, up to $50,000 in coverage for each employee is considered a tax-free benefit to them, making it an incredibly efficient way to boost your compensation package without creating a tax burden for your team.
Life Insurance as a Strategic Compensation Tool. Beyond group plans, permanent life insurance can be a highly effective vehicle for executive compensation. For example, in an Executive Bonus Plan (Section 162), you can pay the premiums on a policy owned by a key executive. This bonus is generally tax-deductible for the business, while the cash value in the policy grows tax-deferred for the employee. The executive can later access this cash value tax-free through loans or withdrawals to supplement their retirement income. This provides a powerful incentive that can be selectively offered to your most valued team members.
Key Person Life Insurance: This is a crucial policy on the life of an owner or a vital employee. While the premiums are generally not tax-deductible if the business is the beneficiary, the death benefit payout is typically tax-free. This creates a powerful financial safety net for your business, providing a cash infusion to cover recruiting costs, lost revenue, or operational disruptions without triggering a tax burden.
Beyond the Tax Code: Building a World-Class Team
In today's labor market, a benefits package is your #1 recruiting and retention tool.
Attract and Retain Top Talent. I can shop the market to find a health and life insurance solution that rivals what larger corporations offer. This allows you to attract the best candidates and reduce turnover by providing your team with peace of mind.
Boost Morale and Productivity. When your employees feel valued and protected, their loyalty and engagement soar. Offering solid benefits tells your team that you care about their well-being, both on and off the clock.
The Ultimate Continuity Plan: Securing Your Legacy
Your business is more than a livelihood—it's your legacy. Life insurance is the ultimate tool for a smooth transition.
Fund a Buy-Sell Agreement: For businesses with multiple owners or partners, a buy-sell agreement is essential. This legal document outlines what happens to a partner's share if they pass away, retire, or become disabled. By funding this agreement with life insurance, you and your partners pre-arrange a fair value for the business, and the policy provides the immediate, tax-free capital needed to execute the buyout. This prevents family members from entering the business and ensures seamless control remains with the surviving partners.
Safeguard Against the Unexpected: What if you, a key partner, or an irreplaceable employee were to pass away? A Key Person policy provides the financial bridge to keep the business running, covering expenses and buying time to find a replacement. It’s the ultimate business continuity plan.
Life Insurance and Health Insurance: My Commitment to You is
Unbiased, Tailored Solutions
As your financial professional, I don’t just sell you a policy—I become your strategic partner. I leverage my extensive network of top life insurance and health insurance carriers to find the optimal solutions, ensuring you get the most value, the best coverage, and the greatest tax benefits.
My role is to partner with you and the professionals in my network to build a solution that truly serves your business now and for the future.
Ready to build a benefits strategy that works for you?
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Customized Life and Health Insurance Solutions to Meet Your Unique Needs. Located in Salt lake City, Utah