Retirement Planning

An agency’s 401(k) plan is a valuable tool for reducing taxes, retaining employees and building long-term wealth.

For agents, addressing long-term care doesn’t mean selling a policy. It means guiding clients through a conversation they’ve likely never had before. It means reframing the discussion from fear and avoidance to control and preparedness.

The financial strain of long-term care (LTC) can be significant, but the option of a hybrid LTC and life policy combination opens up another avenue for agents to present to their clients.

Educating consumers about the benefits of an LTC plan—whether that plan is to rely on government-funded care, buy insurance or cover LTC expenses with personal assets—is key.

For independent insurance agencies, this could be an innovative, family-focused benefit to offer employees or to strengthen relationships with commercial and personal lines customers.

An independent agency valuation is the key to determining your agency value, and can also help you understand what levers you can pull to increase value over time.

Three years of historically high inflation has led to the target retirement savings amount rising more than 53% since 2020.

As people move into retirement, new risks emerge, which become more daunting as the decades pass.

Companies best suited for ICHRAs save an average of more than 20% on their yearly health care premiums and their employee satisfaction scores surge, thanks to the additional plan options.