Policy Audit and Fee Based Consultation

We provide independent, impartial financial advice that is not commission driven. Whether your questions are regarding an existing insurance plan or a desire to obtain third party advice on the purchase of a new policy, we can assist you and your advisors in reaching an informed decision. Based on a pre-determined minimum fee schedule, our experienced staff of Financial Advisors will review your existing life insurance portfolio. Our fee schedule will be provided on request and is a flat (not hourly) schedule.

Commission driven products may have influenced policy type and amounts that may not be appropriate to meet your financial needs and strategies.

Changes in mortality charges, interest rates and contractual provisions dictate a complete analysis to achieve the maximum benefit from your life insurance program. Information will be provided with regard to the mortality assumptions used in the pricing of your policy, since more current assumptions may reduce your premium outlay.

If desired, our analysis will be shared with your existing insurance broker or life insurance agent to coordinate our recommendations.

Our objective is to provide advice that will minimize premium outlay for maximum protection while maintaining your financial objectives.

Long Term Care

Do you have a plan for your long term care?

• Sixty Percent of Americans over the age of 65 will need long term care in their lifetime.
• Nearly fifty percent of Americans will spend some time in a nursing home after age 65.
• One in five Americans over age fifty will need long term care services in the next twelve months.

Simply put, long-term care is the assistance you need when a serious illness or disability renders you unable - physically or cognitively - to care for yourself for a lengthy period of time. Long-term care is not provided in a hospital, but is certainly not limited to nursing homes. One year's stay in a nursing home costs, on average, $96,000, and the costs are rising yearly. Expenses like that could quickly exhaust savings and other assets. Private long-term care insurance is a proven, economical way to help protect these assets while providing more choices about the quality and type of care you need.

Insurance Brokerage Agencies is a leader in the planning of long-term care protection. Our innovative products and selection of qualified carriers have set the standard in the industry.

Low Cost Term Insurance

Low cost term insurance is generally quoted on the best possible rate classification offered to the healthiest risks.

Because few qualify for this classification, more often than not a policy is issued for premium in excess of the original amount quoted.

Insurance Brokerage Agencies offers only highly rated carriers (A Excellent) offering competitive rates at risk classifications otherwise unavailable.

It's Worth Comparing!

Term Insurance From William Penn Life Insurance Company of N.Y.

Compare Our Guaranteed Rates With Your Current Coverage or Any Other

Charity Planning with Insurance

The concept of philanthropic estate planning is neither new or revolutionary.

Charitable remainder trusts (CRT) have been widely used since the regulations were formulated in the 1969 tax reform act. Charitable giving not only offers significant estate and tax planning opportunities, it also benefits family members and the community. The charitable remainder trust offers the unique advantage of allowing the donor to continue enjoying property even though it has been given away to a qualified charity.

Definition: A charitable contribution is a gratuitous transfer of property to an organization designated by law to be a qualified charitable organization. A gift to such an organization results in a current income tax deduction, may reduce federal estate taxes, and can be made free of gift taxes. The charity pays notax upon receipt of either a lifetime gift or bequest. Generally, the qualifying charity pays no income tax on the sale of the asset or the income earned on donated property.

Trust types: There are various charitable trusts available, depending on the wishes and desired objectives. The trust you establish will greatly depend on type of property to be transferred, desired tax treatment, beneficiary designation, level of desired control and current income requirements to the donor.

Get started: We will meet with you to establish a platform to meet your financial objectives. We will then consult with your legal and tax advisors to determine the best course of action. Finally, we will recommend the type of charitable trust that would best fit your tax and income needs.

Estate Planning and Trusts

Simply put, estate planning is a method to preserve as much as possible of what you have worked hard to accumulate.

Our focus is to minimize the impact of estate and gift taxes as well as administrative expenses, attorney's fees, and executor's commissions.

You will realize desired results with the use of selected trusts and techniques to remove property from your taxable estate.

Our staff of qualified estate planners, tax experts and legal advisors will guide you through the complex regulations while arriving at an understandable solution to your estate and financial problem.

Important Considerations:

• Are life insurance contracts subject to estate taxes?
• Have I maximized my estate tax credit?
• What type of insurance is funding my irrevocable life insurance trust?
• How will outstanding debts be treated at death?
• Do I pay New York State estate and gift taxes?
• Is gift splitting allowed and what is the maximum gift allowable?
• Is it necessary to coordinate income and estate tax planning?
• What type trust should be used to achieve my financial objectives?

OUR INITIAL EVALUATION IS WITHOUT COST OR OBLIGATION

Business Insurance

An essential part of any business owner's planning is a fully funded up-to- date buy-sell agreement.

The business owner can be assured that: The surviving owners can take over the deceased's interest quickly and efficiently, with minimal disruption to the day-to-day operation of the business; and the family of the deceased will receive fair market value for the entity on a timely basis without the need for drawn out negotiations and/or litigation.

Business continuation planning provides additional benefits:

RETIREMENT

A buy-sell agreement helps assure a comfortable retirement for the business owner. After spending a lifetime developing the business, a retiring owner is assured his/her interest will be bought on agreed-upon terms and for fair market value.

GUARANTEED MARKET

A well structured agreement protects the owner's family from both the cost and delay of selling the entity from a weak bargaining position. Survivors are freed from the difficult task of selling a business where they have had little or no experience.

SURVIVING OWNERS

A buy-sell agreement allows surviving owners to move forward with everyday business activities without protracted litigation or interference from family members or "silent partners". Creditors and suppliers are re-assured of the ongoing economic viability of the business entity.

BUSINESS VALUATION

Establish a set valuation for estate tax purposes possibly avoiding a drawn out dispute with the IRS over the value of the business.

FAQ

• Should I have a Stock Purchase, Stock Redemption or a Wait & See agreement?
• What are the tax consequences of the type agreement I choose?
• Should I fully fund my agreement?
• What are the advantages of an installment buy-out?
• Should I consider a trusteed agreement?
• Should I consider an Employee Buy Sell agreement?
• Can I deduct insurance premiums that fund my agreement?

Life Settlements

As a licensed Life Settlement Broker, we can provide assisitance for those seeking to sell insurance no longer needed