Advance Market Concepts

Buy-Sell Agreement: Popular and simple method of assuring the survival of your business should a partner or co-owner die or become disabled.

Business Loan Insurance: In these days of tight credit, business loan insurance can be a big plus when it comes to securing a commercial loan.

Business Expense Insurance: A tax-deductible method to arrange for reimbursement of qualified business expenses during a period when one is unable to work in the business due to sickness or accident. Assures a business will be there to return to upon recovery.

Key Person Insurance: Which do you insure - the goose or the golden egg? You've insured your building, equipment, and more, but what about you and your key people? Protect your business in the event of an unexpected death or disability.

Estate Analysis: A few hours spent in estate planning may mean more money to your family and less to Uncle Sam!

Section 303 Stock Redemption: A Method to provide your estate with corporate dollars to pay your estate settlement costs, while your family retains ownership in the business.

Executive Bonus Plan: Income tax-deductibile life insurance for corporate owners and employees.

Executive Compensation: Key employees don't always die or become disabled. Sometimes they just quit because a competitor offers a better benefit package. Here is a way to tie them to your firm by taking maximum advantage of the corporate tax structure in a plan which provides for their retirement and their family's future security.

Split-Dollar: Permanent insurance at reduced rates for you and your spouse, and / or your key employees and their spouses.

Group Insurance: It pays to shop around. Group Plans in our area can vary in cost. Let us shop for you.

Disability Income: Should you or a key employee succumb to the stress and pressure of your business? Don't put yourself or a key employee in a situation where one has to ask, " Where will the next paycheck come from?" A disability income plan is tax deductible.

Qualified Plans: A qualified plan is an employer-sponsored retirement plan that qualifies for special tax treatment under Section 401(a) of the Internal Revenue Code.

There are many different types of qualified plans, but they all fall into two categories. A defined benefit plan (e.g., a traditional pension plan) is funded solely by employer contributions and provides you with a specified level of retirement benefits. A defined contribution plan (e.g., a profit-sharing or 401(k) plan) is funded by employer and/or employee contributions. The benefits you receive from the plan depend on investment performance.

The annual contribution limits and other rules vary among specific types of plans. However, most qualified plans share certain key features, including:

• Pretax contributions: Contributions to a qualified plan (both employer and employee) are made on a pretax basis (beginning in 2006, employers can allow employees to make after-tax "Roth" contributions to a 401(k) plan). You don't pay income tax on amounts contributed until you withdraw money from the plan.
• Tax-deferred growth: Investment earnings (e.g., dividends and interest) on all contributions grow tax deferred. Again, you don't pay income tax on those earnings until you withdraw money from the plan.
• Vesting: If the plan provides for employer contributions, those amounts (and related investment earnings) must vest before you're entitled to them. Check with your employer to find out when this happens.
• Creditor protection: In most cases, your creditors cannot reach your qualified retirement plan funds to satisfy your debts.

If you have access to a qualified retirement plan, strongly consider taking advantage of it. Over time, these plans can provide you with substantial retirement savings.

Keogh [H.R.10]: If you are a self-employeed individual or partner in need of a retirement program for you and your employees, a Keogh plan may be just what you are looking for. Contributions are tax deductible and accumulate tax-free until retirement.

IRA: Looking for an alternative to traditional pension and profit-sharing plans? Try an Individual Retirement Annuity or Account.

What is group life insurance?

Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policyowner is an employer or an entity such as a labor organization, and the policy covers the employees or members of the group. Group life insurance is often provided as part of a complete employee benefit package. In most cases, the cost of group coverage is far less than what the employees or members would pay for a similar amount of individual protection. So if you are offered group life insurance through your employer or another group, you should usually take it, especially if you have no other life insurance or if your personal coverage is inadequate.

As the policyowner, the employer or other entity keeps the actual insurance policy, known as the master contract. All of those who are covered typically receive a certificate of insurance that serves as proof of insurance but is not actually the insurance policy. As with other types of life insurance, group life insurance allows you to choose your beneficiary.

Term insurance is the most common form of group life insurance. Group term life is typically provided in the form of yearly renewable term insurance. When group term insurance is provided through your employer, the employer will pay for most (and in some cases all) of the premiums. The amount of your coverage is typically equal to one or two times your annual salary.

Group term coverage remains in force until your employment is terminated or until the specific term of coverage ends. You may have the option of converting your group coverage to an individual policy if you leave your employer. However, most people choose not to do this because these conversion premiums tend to be much higher than premiums for comparable policies available to individuals. Typically, only those who are otherwise uninsurable take advantage of this conversion option.

Suitability Statement - Documentation that satisfies the NASD rule that requires registered representatives to consider the customer’s financial status, tax status, investment objectives, and other appropriate information when making recommendations to the customer.

Privacy Notice
Our Commitment To Privacy
Your privacy is important to us. To better protect your privacy we provide this notice explaining our online information practices and the choices you can make about the way your information is collected and used. To make this notice easy to find, we make it available on our homepage and at every point where personally identifiable information may be requested.
The Information We Collect:
This notice applies to all information collected or submitted on the Tri-State Life Insurance Planning Agency website. On some pages, you can request a quote, make an appointment, or inquire about our services. The types of personal information collected at these pages are:
Name
Email address
Phone number
Comments
The Way We Use Information:
This site is owned and maintained solely by the Tri-State Life Insurance Planning Agency. The confidentiality of information received either through inquiry or quote request is strictly preserved; as does your physician with your medical information. The privacy of information received is strictly protected. Tri-State Life Insurance guards the confidential and personal information entrusted to us and we do not share, sell or exchange information with any other source or individual(s). Your satisfaction and trust is our goal.
Our Commitment To Data Security
To prevent unauthorized access, maintain data accuracy, and ensure the correct use of information, we have put in place appropriate physical, electronic, and managerial procedures to safeguard and secure the information we collect online.
How To Contact Us
Should you have other questions or concerns about these privacy policies, please call us at 516-224-4440 or send us an email at contact@tristatelifeinsurance.com.

Health Insurance Carrier List

Health Insurance
Aetna • Atantis Heath Plan • Cigna • Emblem health • GHI • Health Net Inc. • Health Advocate Inc. • HealthPass • HIP • Health Alliance • IRBA Plans • Oxford Health Plans • Perfect Health • United Health Care.

Partial Insurance Carrier List

Individual Disability
Berkshire • Principle • Mass Mutual • Union Central • Security Mututal Life Insurance of New York
Individual Long Term Care
Security Mutual Life Insurance of New York • Assurant • John Hancock Life • MedAmerica Insurance Company • MetLife • Prudential • Allianz
Individual Life
Security Mutual Life Insurance of New York • MetLife • Mass Mutual• William Penn Life • Banner Life Insurance Company • John Hancock • Bankers Life of New York • Jefferson Pilot Life • AIG • Prudential
Group Life • Group Disability
Aetna • Assurant Life • Guardian • Hartford • Jefferson Pilot • MetLife • Prudential • ING • Security Mutual Life Insurance of New York • SunLife • Unum • AIG • Cigna • Principal
Vision
1st Rehab • First Ameritas • Guardian • Davis Vision• Spectera • US Life Principle • VSP
Group Long Term Care
Aetna • Security Mutual Life Insurance of New York • Unum • Prudential
Dental
MetLife • Cigna • Delta Dental

Securities
First Clearing• Wells Fargo