Salus Private Client Group understands the importance of your financial security. This is why we feel insurance is so important for individual planning. Insurance may be an affordable way to protect your assets and business from the burden of unexpected, life-altering circumstances.
- Insurance Products offered to Salus Private Client
- Life Insurance
- Term Life - Term life insurance is temporary life insurance that provides a lump sum tax-free benefit to beneficiaries on the death of the life insured. Premiums are guaranteed but will increase at renewal, such as every ten years.
- Universal Life Insurance - Universal life insurance is permanent life insurance that provides a lump sum benefit to beneficiaries on the death of the life insured. Premiums can be level and cash values can be used as an eventual source of cash or can be added to proceeds after death
- Whole Life Insurance - Whole life insurance is permanent insurance protection for the whole of life in exchange for a guaranteed level premium for life.
- Disability Insurance
- Provide monthly income if an individual is unable to work due to an injury or sickness.
- Business Insurance Needs
- Deferred Compensation Plans - is an arrangement whereby an employee or owner defers some potion of their current income until a specified future date
- Life insurance can be used to fund a deferred compensation plan. The deferred amounts can be used to pay premiums on cash value life insurance. The cash value can then be available at retirement to supplement other income or, if the insured dies before retirement, the insured’s designated beneficiary would receive the insurance policy’s death benefit.
- Salus Private Client offers both qualified and nonqualified deferred compensation plans.
- Deferred Compensation Plans - is an arrangement whereby an employee or owner defers some potion of their current income until a specified future date
- Buy/Sell Funding
- Buy-sell funding using insurance is best suited for business owners, partners or shareholders concerned about business succession planning.
- Key Man Insurance
- Key person insurance is best suited for businesses that require funding to search and hire a suitable replacement.
