A NECA split dollar arrangement offers business owners a sophisticated life insurance solution
For successful business owners, purchasing life insurance with corporate dollars can be an effective way to protect their family or to recruit and reward key employees. The following case study shows how a business funded a large life insurance policy through a Non-Equity Collateral Assignment (NECA) split dollar arrangement. Case Study: •Male, preferred non-smoker, owns […]
The Value of Life Insurance
We know how important it is to seize the moments and live your best life now. But don’t forget to protect the financial future of the people who depend on you. One way to get started is with life insurance. It can help provide for your love ones when they need it most. How? By […]
ANNUITIES UNDERUTILIZED FOR TAX-FREE LTC BENEFITS, DATA SUGGESTS
About 18 percent of all U.S. households own a deferred annuity, estimates the LIMRA Secure Retirement Institute, yet data suggest many annuities will never be activated for monthly income, leaving potential tax consequences for beneficiaries. Many of these individuals can benefit by learning more about exchanges under Internal Revenue Code section 1035 of the Federal […]
CDL Drug and Alcohol Clearninghouse
The CDL Drug and Alcohol Clearinghouse is a new tool to improve highway safety that will be operational on January 6, 2020. The goals of the clearinghouse, established by the FMCSA, are two-fold: (1) to efficiently identify drivers not permitted to operate commercial motor vehicles due to drug or alcohol violations and (2) to provide […]
4 Tips to Organize Your Garage for Winter
I probably don’t have to tell you this, but winter isn’t too far away. That means more temperate weather for our friends in the south—and cold for our friends in the north. No matter where you live, you can use these simple tips to help organize your garage. Store chemicals. Heading into the winter months, […]
Salon Booth Renter Insurance – $250 / yr
Are you a hair stylist? A beautician? Are you required to carry your own liability insurance? Where can I find beautician’s booth rent insurance? Finally an easy, local, affordable market for booth renter insurance…right here! Frost-Beck Insurance Agency can quickly provide salon booth renters the coverage they need, at an annual premium of $250. Packages […]
How surprised would you be if you went to buy the new iPhone expecting to pay $1,000, but it only cost you $200? You’d be ecstatic!
How surprised would you be if you went to buy the new iPhone expecting to pay $1,000, but it only cost you $200? You’d be ecstatic! This happens all the time with 44% of millennials overestimating the cost of life insurance by 5x the actual amount. A policy through @PekinInsurance is simple, affordable, and possibly […]
Our dedication to advanced continuing education
Our dedication to advanced continuing education is ongoing. Co-agency principal and VP, Joseph Beck is currently attending the Practical Application of Risk Management class in Milford, MA, just outside of Boston. Topics include: effective practices serving the affluent to high net worth client, developing a high net worth division, relationship management, client stewardship, advanced claims […]
Auto Repair Shop / Auto Dealership Insurance
If you own or manage any type of auto repair shop or auto dealership, you need to know that Frost-Beck Insurance Agency has both a full understanding of your coverage needs, but also the full backing of multiple insurance companies with excellent Garage Insurance Programs. Joe Beck, co-agency principal and a garage insurance specialist, has […]
4 Things to Look For When Buying A Used Car
Buying a used car? Used vehicles can be significantly less expensive to purchase than new vehicles, but their history could end up becoming costly. Here are some things to look for when shopping for a used vehicle to help you find any lurking issues and feel more confident in your purchasing decision. 1.Take note of […]