Buy-Sell Agreements Funded with Life Insurance

Posted on Leave a commentPosted in Business Continuation, Key Person Insurance, Life Insurance

Introduction: A Buy-Sell / Business Continuation Sell agreement should be considered in every closely held business. This agreement defines the disposition of an owner’s interest in the business upon the specific triggering event such as a partner’s death, disability, retirement or other termination.  This is especially important when the owners want the business to stay […]

NY State EPIC Drug Plan for Seniors

Posted on 1 CommentPosted in Part D Precription Drug, Prescription Drug Plan

EPIC, (Elderly Pharmaceutical Insurance Coverage) is a New York State program for seniors administered by the Department of Health. It helps eligible seniors supplement their out-of-pocket Medicare Part D drug plan costs.  Eligibility requirements are: Resident of New York State Age 65 or older Income up to $75,000 (single) or $100,000 if married. EPIC offers two plans, […]

Buy-Sell / Business Continuation Plans Part 1 of 5

Posted on Leave a commentPosted in Business Continuation

The Basics of Buy-Sell / Business Continuation Planning Part 1 of 5 A Buy-Sell / Business Continuation Sell agreement should be considered in every closely held business. This agreement, or arrangement, defines the disposition of an owner’s interest in the business, yours or a partner’s, upon the specific triggering event such as a partner’s death, […]