As you pursue your vision and your business expands, you’re focused on attracting talent, building a strong team and sustaining growth. At the same time, you want to make sure that you, your business and your family are protected against the unexpected. AXA can help you take small, manageable steps to help you protect what matters most and grow your business so you can have the confidence to keep moving forward.
Strategies you can use
See what needs you and your business, your family and your employees may have during this time, for which we can help provide strategies.
What happens to me and my business if something happens to one of my key employees?
Do you have an employee that is critical to the everyday function of your business? Finding that key employee or business partner helps take the every-day burden off your shoulders but it also makes it that much more important to make sure that you have a plan if something were to happen to them. Key Man life insurance and disability income insurance provide benefits that help:
- Provide a steady income or lump sum payments that can be used to train a replacement or supplement income until your employee returns.
- Offset a disruption in sales or production.
- Help alleviate credit difficulties or missed business opportunities.
Staying on top new trends or changing rules and regulations can be challenging, but it is critical to the success of your business. We can help you comply with new laws such as The Affordable Health Care Act, in a tax-efficient and practical way. With our comprehensive Employee Benefits product suite, your employees can access the coverage they need and the plans they prefer.
I’m so consumed by my business and employees, how do I ensure my family’s financial security?
As a business owner you are focused on the financial health of your business, but what about your personal financial security? We understand the need to plan for both your business and personal needs. With business exit, succession and transition strategies, as well as retirement plans, life insurance policies and annuities you can find ways to not only keep your business afloat but ensure that your family is taken care of, too.
These strategies can ensure that:
- You and your heirs will receive the assessed value of your business in the event of your retirement, disability or death
- You have tax-advantaged savings for your retirement
- Your family has a steady stream of income when you are ready to step away and retire
- Protection for your family if something happens to you and your business
How do I recruit, retain and reward my employees who are critical to the success of my business?
Finding key employees and keeping them is vital as you are working to expand your business. Every business is different, which means your needs and your employees needs are different as well. An array of options are available that will not only help you recruit and retain employees but also reward those that have shown their importance to you, including qualified retirement plans; profit sharing plans; non-qualified, key employee benefit programs such as deferred compensation, supplemental executive retirement programs, executive bonus, split dollar arrangements and more.
There is a strategy that will fit each specific need and will provide you the end result you want — keeping the people that are important to you and your business.
Just as every family has a breadwinner, every business has at least one key employee whose management role, special talents or revenue-generating abilities are critical to the business’ success. Protect your business from the loss of an owner, partner or key employee due to death or disability with key person life and disability income* insurance, respectively.
Let an AXA Advisors financial professional get to know you and see how we can help. Fill out the form below to have us contact you. You can also find a local AXA Advisors financial professional, or call us now at 844-4BIZINFO.
*These products only provide disability income insurance. THESE POLICIES ARE NOT MEDICARE SUPPLEMENT PLANS. They do NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. The policies have limitations and exclusions.
AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. (AEFS). "AXA" is the brand name of AEFS and its family of companies, including AXA Equitable Life Insurance Company (AXA Equitable) (NY, NY), MONY Life Insurance Company of America (AZ stock company, admin. office: Jersey City, NJ) (MONY America), and AXA Distributors, LLC. All group insurance products are issued either by AXA Equitable or MONY America, which have sole responsibility for their insurance and claims-paying obligations. Some products are not available in all states.