Increasingly, corporations are using executive benefit programs to attract, reward and retain key executives.
Our goal is to meet the following corporate and executive goals:
- Offer a benefit concept that can be constructed to address the specific needs of the executive and employer.
- Implement a benefit plan which meets the financial requirements of the Corporation.
- Provide implementation and ongoing plan administration that meets the highest standard of service to the executives involved in the plan and the internal administrator.
- Provide a benefit which can be easily communicated and appreciated by executives and their families.
- Maximize benefit security to the extent allowed.
- Provide tax favored tailored solutions to the executive’s particular needs.
- Provide systems and communicate plan information and documentation to personal advisors.
Traditional Executive Programs
Bank Strategies
Longfellow Executive Benefits works with a national provider, MBenefits Solutions, a member of the MGroup, is a nationally endorsed provider of Executive Benefits and Bank Owned Life Insurance programs Additional information can be found at
www.mben.com/bank. Services provided include:
- Proprietary products from top rated carriers
- OCC, OTS & FDIC Compliance ...read more
- SAS 70 Service Standards ...read more
- Internet and CD servicing
- Guaranteed issue programs
- Product investment analysis
- Survey Data - download
Business Continuity
What happens when a business owner becomes disabled or passes away? Longfellow Benefits can provide simple solutions through:
- Buy/Sell Life Insurance ...read more
- Cross Purchase Life Insurance
- Succession Planning
- Buy/Sell Disability Insurance ...read more
Supplemental Employee Benefits
More and more, companies are providing supplemental insurance planning to compliment the group insurance provided to their employees. Longfellow Benefits is well versed in:
- Employer Sponsored Supplemental Life Insurance
- Employer Sponsored Supplemental Disability Insurance
- Employer Sponsored Individual Long Term Care Insurance
- Employee Stock Ownership Plans (ESOP)
Estate Planning
The ultimate purposes of estate planning are to ensure that the ongoing needs of the survivor(s) are met, to provide for immediate lump-sum cash needs and to pay estate tax costs. Longfellow Benefits has many ways to help with this planning, including:
- Various term and whole life insurances
- Survivorship Insurance