Life/Health Insurance

As important as insuring your business or commercial real estate is, insuring your life is just as, if not more important. As an added service to our business clients, Madison Avenue Insurance Group has an experienced Life Insurance Specialist on staff. We offer the following Life Insurance, Health Insurance and Annuity Products to our customers:

Business & Personal Life Insurance

Partnership Buy-Sell Plans

These plans can be simple or complex. The question to ask is “What will happen to the partnership when one of the partners dies”? Will the remaining partner(s) continue business with the deceased partner’s family? Or should there be a set price paid to the family to release their interest in the partnership? These agreements can be easily funded with Life Insurance.*, **

Policy Replacement/1035 Exchanges

Mortality rates keep increasing which means the cost of life insurance continues to decrease. Non-Guaranteed Whole Life Products can often times be re-written to Guaranteed Universal Life Insurance products with an increased interest rate on the savings portions. Call us for a policy review today.*, **

Key Man Insurance

This is purchased when there is a “Key” Employee that the business would have a difficult time replacing. The funds could be used to sway a potential hire away from their existing company or pay for temporary help. **

Creditor Protection & Charity Gifting Plans

When banks want a personal guarantee on loans, Life Insurance, at times, could be used as additional creditor protection. If a person is interested in leaving a significant amount of money to a charity, this can also be set up with Life Insurance. **

Family Needs/Estate Protection Plans

With the sorrow and disperse that comes with loosing a loved one, don’t let financial burdens add further grief. Planning the financial future for your family is a great gift to leave them. Let us help you estimate what your estate taxes will be in addition to what your family needs are.**,*

Group Life- Employer Paid Programs

Great employees are hard to find. Reward them by offering Group Life and Health Insurance. The costs can be partially employee paid and the business expense is often tax deductible.*

Annuities

Have you made too much money this year? After you max out your retirement contributions, consider buying an annuity.

Annuities are also great “gifting” tools and can be a great addition to your family trusts.*

Long Term Care

Are you prepared for the worst? Being sick and unable to work or not having the funds to pay for your assisted living costs? Long Term Care can help. **

Health Insurance

Group and Individual Traditional Plans

We offer employer and partial employer paid group plans for groups over 2 employees. The employer paid portions are often tax deductible and help keep great employees. **

Individual Plans are also available. 70-100% Paid Plans, Major Medical with up to $5,000 deductibles and Health Savings Accounts. Call our office for more information.

Supplemental Medical

Personal and Group Accidental Medical- Offered through AFLAC

*Consult your tax advisor **Life and Health insurance product qualifications are determined by an underwriting process and not guaranteed.