Executive Benefits

Individual Executive Benefit Solutions

A number of organizations strive to offer executive benefit programs, but find it difficult to address the complex issues surrounding corporate benefits. For example, senior executives are often provided with inadequate insurance coverage through their employer life insurance and long term disability group plans.  More often than not, group plans are subject to benefit limits and contractual provisions that do not recognize the level of pay, bonus pay or other incentive income.

Montcalm & Associates provides a thorough analysis of your company’s benefits plan and can help identify areas where there may be unfunded liabilities. We will assist you to create an overall benefits plan that will help you recruit, reward and retain your key employees. If our analysis uncovers a need, we will design a plan to either replace or compliment your existing plan to bring your complete program up to your expectations.

Business Insurance Solutions

Business owners and key executives spend lots of time and effort acquiring knowledge, experience, relationships and skills that make them very valuable to your business.  When one dies, suffers a critical illness, or becomes permanently disabled, the business loses a key individual, a key member of your executive team.  This can have severe financial consequences on your business. Our solutions can help protect your business from such serious consequences.

Shareholder Agreement Funding

A key component of any well integrated financial plan is planning for your business transition or succession.  Every business faces the risk of a shareholder dying or becoming permanently disabled prior to selling or transitioning the business.  Business interests often account for a substantial portion of the wealth a business owner has accumulated.  Ensuring that a plan is in place for the eventual transfer of the business interests can help the shareholder realize the full value of the business interests while also making sure that existing shareholders interests are protected through a transition.

Collateral Life Insurance

Creditors sometimes require a business to purchase life insurance as additional collateral to protect their interests. This is particularly so if the death of a business owner could affect the value of the business assets used to secure debt.  Often the business owner may want to ensure that business debts will be fully repaid if he or she dies.  The collateral assignment of a life insurance policy is becoming a common requirement from lenders and private equity investors.  Generally life insurance premiums paid for business loan protection are not deductible for tax purposes.  However, if a life insurance policy is required to be collaterally assigned to a restricted financial institution, a portion of the premiums may be deductible. We create customized solutions to help you obtain collateral insurance.

Estate Planning Solutions

Wealth creates both opportunity and financial risk.  Estate planning is complex.  A comprehensive wealth and asset protection analysis can only be obtained from an experienced and customized risk manager.  At Montcalm & Associates Financial Group we focus exclusively on providing personal risk management consultation, advice and solutions to individuals and families with significant wealth.  We can help you implement life insurance as a liquidity tool that will effectively support asset transition. An appropriately designed plan allows clients to transfer assets to their family, a favorite charity or other beneficiaries intact, free from risk of erosion by income tax or capital gains taxes.  When designed and structured properly, life insurance can capably provide support for generations to come.

We can provide the solutions you need. We carefully work with clients, their accountants and legal teams to identify goals and concerns, examine a broad range of possible solutions and provide comprehensive implementation and ongoing services.

Our Value Proposition

Today’s complex and competitive environment makes our role more demanding and, most important, requires us to stand out from our competition.  Montcalm & Associates are independent brokers and our job is to provide you, with the guidance and resources to help ensure that you, your family, and your wealth are well protected.  We represent your interests, and it’s around this principle that we’ve built our business.

We begin with a comprehensive fact finding process and offer assistance to identify your needs. Because your needs will likely change over time, we offer to review existing insurance contracts and planning documents to help determine coverage adequacy and provide recommendations to meet your current goals.  Contact our office today to make your appointment.