New York Life is dedicated to serving professional advisors
What do you want to do?
We're in this together
We're right here with you
Bring your career to life
We have the answers... and we're happy to share
We're here to help
We have the answers... and we're happy to share
Bring your career to life
Business Services
As a business owner, your professional and personal finances are intrinsically connected. Our role is to help you identify how the two work together and then identify strategies that help you accomplish your goals in both areas of life. We’ll help you understand possible risks, opportunities, and scenarios so you can plan with purpose. Below are some of the ways we serve business owners.
Life plan for your business®
Retirement Planning
Business Succession and Exit Planning
Executive Benefits
Key Person Insurance
Funding Buy-Sell Agreements
Funding Deferred Compensation
Income Tax Strategies
Charitable Corner
Retirement Planning
Ellis Insurance & Financial Group designs and implements a variety of accumulation and retirement income plans, offering insurance products, investment programs ranging from separately managed portfolios of stocks and bonds to mutual funds, and access to third-party wealth management programs. We offer a consistent process to ensure management of investment assets according to your risk tolerances and expected returns investment goals. We then monitor your plan on a continual basis, and adjust and evolve as your needs change.
Business Succession and Exit Planning
Your life’s work is often one of your most valuable assets. We’ll help you find ways to protect that asset and ensure its viability well into the future.
Executive Benefits
Most businesses are successful due in large part to talented executives. At Ellis Insurance & Financial Group, we can suggest a variety of benefit packages to help you retain key employees and attract new ones.
Key Person Insurance
Key person life insurance offers a death benefit that helps indemnifies an employer for the loss of one of its most important assets - the key person. This can help assure continuity of the business for employees, customers and creditors, and protects against losses in sales, momentum, and credit. It can also be used to assist with recruiting and developing a replacement for the employee.
Funding Buy-Sell Agreements
A buy–sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure that the arrangement is properly funded so that there will be money when the event is triggered.
Funding Deferred Compensation
Deferred compensation is a written agreement between an employer and an employee where the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed back to them at a pre-determined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees.