This document summarizes an insurance brokerage firm called Assurance. They provide expert solutions, measurable results, and outstanding service from their passionate, fitness-focused, and award-winning employees. They are focused on creating personalized relationships to understand clients' needs and provide bottom-line impacting solutions. They pride themselves on their creative problem-solving abilities and transparency.
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
The primary planning goals are to:
Provide for the financial security of the surviving spouse.
Maintain Carter Manufacturing as a viable company in their hometown after they exit the business.Maintain their customary lifestyle and gifting. This should take approx. $650,000 annually after taxes.
Eliminate or reduce estate taxes.
Maintain adequate gifting to their children and grandchildren. Their main priority is providing funds for their grandchildren’s educations.
Maximize the inheritance they leave to their children and grandchildren.
Establish a family foundation for lifetime and future family charitable giving.
Learn more at www.inknowvision.com
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
The primary planning goals are to:
Provide for the financial security of the surviving spouse.
Maintain Carter Manufacturing as a viable company in their hometown after they exit the business.Maintain their customary lifestyle and gifting. This should take approx. $650,000 annually after taxes.
Eliminate or reduce estate taxes.
Maintain adequate gifting to their children and grandchildren. Their main priority is providing funds for their grandchildren’s educations.
Maximize the inheritance they leave to their children and grandchildren.
Establish a family foundation for lifetime and future family charitable giving.
Learn more at www.inknowvision.com
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tom’s share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Myer Family Wealth Goal Achiever- InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
Learn more at www.inknowvision.com
Myer Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
The primary planning goals are to:
Make sure that he has sufficient funds to live on for the rest of his life (approx. $600,000/yr., including alimony, after taxes and gifts).
Reduce income taxes.
Maximize the inheritance that he leaves to his children and grandchildren. Consider passing his business interests to his children involved in the industry while providing an equal inheritance of non-business interests to those that are uninterested.
Assure that he has sufficient liquid assets available at his death to eliminate the forced liquidation of his business assets.
Eliminate or reduce estate taxes.
Jackson Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth.
As part of Chris’ retirement package, he has an annual pension payment of approximately $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000.
As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The primary planning goals were to:
Make sure that they have sufficient funds to live on for the rest of their lives (approximately $230,000 after taxes and gifts).
Provide for the financial security of the surviving spouse.
Create an inheritance for their children which protects them from any potential future creditors and/or predators.
Provide a charitable gift at death as long as it doesn’t greatly diminish the amount they pass to their heirs.
Eliminate or reduce estate taxes.
Jackson Family Wealth Goal Achiever - Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth. As part of Chris’s retirement package, he has an annual pension payment of approx. $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000. As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The main planning objective is to take advantage of the lifetime gifting exemption ($5M each) while it is still available. This is due in part to the large concentration of conservatively invested assets that are growing inside Chris and Beth’s estate. In addition, they are looking to preserve enough assets in order to provide sufficient cash flow that will ensure a comfortable lifestyle with flexibility during retirement.
Learn more at www.inknowvision.com
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tom’s share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Myer Family Wealth Goal Achiever- InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
Learn more at www.inknowvision.com
Myer Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
The primary planning goals are to:
Make sure that he has sufficient funds to live on for the rest of his life (approx. $600,000/yr., including alimony, after taxes and gifts).
Reduce income taxes.
Maximize the inheritance that he leaves to his children and grandchildren. Consider passing his business interests to his children involved in the industry while providing an equal inheritance of non-business interests to those that are uninterested.
Assure that he has sufficient liquid assets available at his death to eliminate the forced liquidation of his business assets.
Eliminate or reduce estate taxes.
Jackson Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth.
As part of Chris’ retirement package, he has an annual pension payment of approximately $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000.
As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The primary planning goals were to:
Make sure that they have sufficient funds to live on for the rest of their lives (approximately $230,000 after taxes and gifts).
Provide for the financial security of the surviving spouse.
Create an inheritance for their children which protects them from any potential future creditors and/or predators.
Provide a charitable gift at death as long as it doesn’t greatly diminish the amount they pass to their heirs.
Eliminate or reduce estate taxes.
Jackson Family Wealth Goal Achiever - Advanced Estate PlanningInKnowVision
Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth. As part of Chris’s retirement package, he has an annual pension payment of approx. $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000. As a result, they have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.
The main planning objective is to take advantage of the lifetime gifting exemption ($5M each) while it is still available. This is due in part to the large concentration of conservatively invested assets that are growing inside Chris and Beth’s estate. In addition, they are looking to preserve enough assets in order to provide sufficient cash flow that will ensure a comfortable lifestyle with flexibility during retirement.
Learn more at www.inknowvision.com
DreamGains Financials India Private Limited, a trusted name in the financial services arena, provides you with the entire gamut of financial advisory services under one roof. We provide recommendations for Stock Cash, Stock Futures, Nifty Futures, Commodities, F & O traded in NSE, providing our clients with vigorous and reliable solutions to satisfy all their financial needs. Whether you are a seasoned veteran or a stock market rookie, we are here to help.
There are certain market trends that are very simple in essence, but difficult to take advantage of, unless you know where to look and what to do.
People make the mistake of buying high and selling low all the times. The trick is to get a head of the curve.
Join the revolution and change the way you trade forever!!!
Getting an ad “right” takes more than just imagination. Our expert team at Inside Business can give you real advice on the tips and tricks that will get you the best response to your ad, from picking the right headline to choosing the layout that will work for you… maximizing your return on Investment.
Bad debt can be a threat to every business no matter how good your credit management procedures are. As companies review their credit strategy to deal with the current economic environment, it is vitally important that they consider Credit Insurance.
1. The expert solutions,
measurable results
and outstanding
service you could
only get from our
learning-lunching, Guitar Hero playing, green friendly, fitness addicted,
volunteering, wang chunging, iPod lovin’, award winning
independent
insurance brokers.
2. Everything you could want from an insurance broker,
plus a few key differences you wouldn’t expect.
Passionate problem solvers. Straight shooters.
At Assurance, we’re focused on creating highly If we’re not the right fit for you –
personalized client relationships that allow us we’ll tell you. There’s no beating
to accurately pinpoint our client’s needs and around the bush here. We think
provide solutions that impact their bottom line. every business deserves to work
Our clients are supported by: with a partner who is the peanut
» An industry leading service platform butter to their jelly, whether it’s
» Our ability to produce measurable results us or not.
» The insurance industry’s best and brightest
insurance and employee benefits experts
Those who work with us, experience first hand Insurance rock stars.
the difference these unique advantages bring to To many, insurance is boring. To us, it’s
their companies. As a result, 98% of our clients anything but. We have a unique opportunity
recommend us to other businesses. to help businesses and individuals find
success on multiple levels. Our employees
can make a rock star kind of impact through
“boring” old insurance. And that gets our
heart racing and adrenaline pumping.
Assurance in a Nutshell
Founded Clients Employees
1961 Over 5,300 nationwide 230 and growing
Status Premiums Our M.O.
Fiercely independent $450,000,000+ Passionate, results-driven
insurance experts
3. “ Wewith a better partner.
up
couldn’t have teamed
Assurance designed and
supports a benefits and
wellness solution that's cost
conscious and scales with
the growth of our company.
Scott Golas
”
VICE PRESIDENT
CENTRO
Our clients
are our
biggest fans.
“ We not onlytorecommend
Assurance our partners
“ Assurance truly understands
their clients’ needs which
and peers; we promote enables them to secure the
them as a value added to best coverage at the most
our business model.
Wayne Salen
” competitive price.
Norman Conrad
”
DIRECTOR OF RISK MANAGEMENT GENERAL COUNSEL
LABOR FINDERS ASSOCIATION OF ILLINOIS
ELECTRIC COOPERATIVES
4. Creative solutions designed especially for you with
one goal, to make your company better.
Part detective. Part matchmaker.
Solutions are all about asking the right Assurance can pair you up with the most
questions. We pride ourselves on our ability effective strategy to meet your goals, and
to engage with our clients and uncover what take your business to new heights. From
makes them tick. Through a detailed analysis insurance solutions for businesses and
of operations, as well as short and long-term individuals, to employee benefits and financial
business goals, we work to understand your services, Assurance offers a wide range of
objectives. This allows us to develop a detailed products and services to support your needs
service strategy to help you achieve your and improve your bottom line. We have what
goals. Best of all, we measure our performance it takes to develop a highly-personalized,
against these plans and report our value back long-term relationship.
on a consistent basis.
All game changer.
For some brokers, it may be enough to just
EMPLOYEE
BENEFITS merely locate the right carrier at the right
PRIVATE
INSURANCE price. But that’s just how we warm up.
BUSINESS
Built on a foundation to service the toughest
INSURANCE FINANCIAL risks in the marketplace, our solutions and
SERVICES
programs are structured to create long-term
SURETY
BONDS success by addressing the following goals:
Reduce loss exposures and claims
»
SAFETY
ALTERNATIVE
RISK
Improve efficiencies
»
Eliminate administrative costs
»
Improve the satisfaction level of key
»
stakeholders and employees
Increase profits
»
Our services can make
your bottom line soar.
5. 300%
300
insurance carriers
across the country.
24 hour
access
to policy information.
Educational
resources including
webinars, seminars
and newsletters
free to clients.
6. We're passionate about producing measurable results
and an immeasurable experience.
Focused on results. Not afraid to commit.
When it comes to evaluating your broker, how It’s been said that promises are made to
do you measure success? Do you simply look be broken. We beg to differ. Commitments
at money spent on premium? Service reliability? we make to you are monitored through a
Employee satisfaction? How does your customized service plan, tracked internally,
broker quantify their effectiveness in helping and available for your review at any time.
you achieve your objectives? Truth is – most Each Assurance service plan is created
brokers can’t. But that’s where we shine. based on your specific needs and coverages.
We believe our execution in meeting these
Assurance uses advanced auditing to measure
service commitments is the only true way to
the efficiency and effectiveness of the solutions
help you reduce your claims, risk, and the
we bring to the table. And it’s this unique ability
overall cost of your employee benefits and
to quantify value and track results that enables
insurance programs.
us to keep insurance costs down and overall
satisfaction high.
It all adds up.
Our focus on measuring success coupled
with a strong commitment to executing on our
service strategy equals results for our clients.
From claim reserve reductions, benefits
and wellness strategies that reduce health
care costs, safety programs that decrease
the severity and frequency of accidents to
negotiations with carriers to create cost-
effective programs, the savings add up.
These savings have a direct impact on
lowering the cost of your insurance.
Last year, Assurance saved our clients
$24.3M
in aggregate claims reserve reductions.
7. 295%
ROI through safety
300%
improvements.
$1.1M
immediate health
insurance savings.
953%
ROI on revamped
employee benefits
and wellness
program strategy.
$1.5M
claim reversal.
8. The industry’s best and brightest insurance rock stars
at your service.
Your ‘A’ team. Smart people. Creative solutions.
We know delivering top-notch solutions and Our employees are intensely dedicated
flawlessly executing our service plans are critical to educating and bettering themselves. In
to adding financial value to your business. Our fact, at any given time, around 3/4 of them
success in this challenging endeavor is a direct are pursuing professional designations.
result of our commitment to never losing sight From in-house learning lunches, to industry
of the first principle of the insurance brokerage seminars and other professional development
industry – this is a people business. That’s why courses, your ‘A’ team is set up to be just
we’ve created an award-winning workplace and that. This thirst for knowledge, combined with
culture to attract, develop and retain the best experience, consistently positions Assurance
industry professionals. to remain creatively on the cutting-edge in
terms of product innovation and plan design.
The knowledge, creativity, passion and talent of
Assurance employees are among the greatest
resources we provide our clients. Working hard
to get the job done right comes second nature
to us. This creates a winning combination,
as our success is predicated on p
putting your
interests first.
‘A’ Team Facts
Comm
Community Focused Green Friendly Wellness Fanatics
Throug
Through Assurance Caring With an intense focus on Employees embrace a healthy
Together, over 8,000 labor
Togeth reusing materials, recycling lifestyle by participating in
hours have been donated to
h and energy conservation, our wellness activities all year,
local charities by Assurance
ch colors, yellow + blue, really including walking challenges
employees in the past 5 years.
employ do equal green. and on-site fitness classes.
9. A better place to
work means better
client results.
24
awards received
over 5 years for
client service
and being a best
place to work.
10. Committed to providing Crazy about insurance.
Some people love their Harley. Some
innovative solutions, love their mother. We love insurance. The
hardcore results and passion we possess provides the foundation
necessary to deliver creative solutions,
outstanding service to measurable results and top notch service.
meet your demands.
Across the board. To every client. At every
interaction. For the life of our partnership.
Refreshingly different.
Most brokers focus on making your
insurance or employee benefits programs
better. Assurance is focused on making
your entire organization better. Used
effectively, insurance and employee benefits
can be the change agents that strengthen
your business and transform it for the better.
URANCE
NS
I
11. Get in touch with an
Assurance expert today.
888.429.0999 I info@assuranceagency.com
www.assuranceagency.com
12. CHICAGO OFFICE ST. LOUIS OFFICE
One Century Centre The Atrium at Chesterfield
1750 East Golf Road 16305 Swingley Ridge Road
Schaumburg, IL 60173 Chesterfield, MO 63017