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Fleming Financial Services Blog

At Fleming Financial Services, Inc., our role is to assist our clients in defining and realizing their financial objectives and goals. We work with our clients to implement personalized plans designed for their unique situations. Our areas of concentration are: Retirement planning, Estate and Wealth Transfer strategies, and Business Continuation planning. We emphasize the importance of conducting our business with integrity and professionalism. As a member of PartnersFinancial, an independent national financial services company, we are able to provide access to sophisticated resources for the benefit of our clients. Some of the professionals with our firm are currently registered to conduct business through NFP Securities, Inc. With those additional resources in place, we help facilitate the complex corporate and personal financial decisions our clients must make.

Protection for Executives- Disability Income Insurance - Part 3

Thomas Joseph Thomas Joseph , 9/22/2014
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Bridging the Gap by Combining Group and Individual Coverage Although there are many ways to solve the income protection gap with group LTD – allocating the LTD premium to the executive so the benefit is tax free, including bonuses into the earnings definition of an LTD plan or increasing the maximum monthly benefit cap of the LTD plan – they increase the rate of the entire plan. When group LTD and individual DI coverage are combined, however, your disability plan can be more than just a group policy. It can be a well-thought-out plan design that delivers a big benefit to your big earners while keeping your costs in check. For example, group LTD plans are experienced-rated. If a highly compensated executive is on claim, this can have a significant impact on the group plan rates. Individual DI can help transfer the risk to a non-cancellable, fixed rate with level premiums. And that’s just the tip of a combined plan’s many advantages. Disability Income Problem Disability Income Solution Copyright © 2013 NFP. All rights reserved.