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“If you retire, you may be able to transfer ownership of the policy to your life and take away the policy. This would allow you to designate your own beneficiary for the death benefit and use each cumulative current value to supplement your retirement income, finance a new activity or do what you want,” says Muth.┬áThis can make it an attractive option for the insurance name if your business has limited cash flow, specific budget constraints or if you need coverage only for a known time. B for example, because you are considering selling the business or if a partner plans to retire in the not too distant future,” says Muth. As with many things when it comes to businesses, a buy/sell contract is not something that a single advisor should consult and, ideally, it should be a collaborative approach. It is recommended that you let your business lawyer develop the agreement, that your accountant verify the tax impact of the operation of the agreement, and that the funding be properly verified by a financial advisor or life insurance representative. A buyout contract is actually an exit strategy for you and your business partners. It can help protect you and your family, as it sets the ground rules for managing ownership shares if you or one of your partners leave the company. I wanted to express my sincere gratitude for the way you and your team handled my wife`s death on your insurance policy. I think the measure of an insurance broker is its responsiveness in need.

A major difference between a captive agent and an independent broker is the number of insurance agencies they represent. Captive agents are usually paid by a single insurance agency and can generally only sell its policies, while independent brokers work for themselves and offer a much wider choice of products representing multiple carriers, which usually means that their customers can find the lowest price or the best value. Eric Benchetrit is a consultant in the financial and vordener services sector, regarded by his peers as one of the most knowledgeable and competent authorities in his field, and who offers financial advisors, life insurance agents and industry experts in the context of complex tax and estate planning. Eric`s business approach uses a tireless commitment to professionalism and attention to detail using a collaborative and integrated planning style that works with the entire client`s consulting team. His communication style describes complex structures in easy-to-understand terms. For more than a quarter of a century, he has held various positions in the financial services industry, including marketing and distribution at the executive and wholesale levels for Canadian insurance and investment firms. He has also taught Seneca College`s Practical Financial Services Certification Program, whose graduates receive credits for CFP (Certified Financial Planner) and CLU (Chartered Life Underwriter). Over the years, he has participated in numerous conferences at industry events and has also appeared in radio and call programs.

He has written articles and has been cited and profiled in several industry publications. He has been co-chair of Canadian and international delegations, met with the Prime Minister, parliamentarians, members of Congress and senators, and has a Specialized Honours B.A.