Mr. Monte CarloMarch 6, 2019
Situation: Mr. Monte Carlo is a business owner client of TDC who wants to retire. To feel more comfortable making this life decision, Mr. Monte Carlo requested TDC evaluate the income available from his portfolio through retirement. His ultimate goal is to leave $6 million to his kids upon his death. Mr. Monte Carlo is worried that he would not have enough assets to support his current lifestyle through retirement and accomplish his goal of a $6 million legacy for his children.
CEO Fraud Prevention ManualFebruary 21, 2019
It’s ruined the careers of many executives and loyal employees. Successful CEOs have been fired because of it. Stock prices have collapsed. IPOs and mergers have been taken off the table. Known as CEO fraud or the Business Email Compromise (BEC), the FBI reports that it this type of cybercrime has victimized more than 22,000 organizations worldwide and is responsible for losses of more than $3 billion.
Mr. Family Business OwnerFebruary 15, 2019
Situation: Mr. (57 years old) and Mrs. (56 years old) Family Business Owner purchased a $5M Survivorship Universal Life (SUL) policy paying an annual premium of $48,000 a year. The policy has an Option 2 death benefit meaning the death benefit increases as the policy’s cash value grows. When purchased, the agent showed the cash value performing at a rate of 8% annually.
2019 Top Workplace AnnouncementFebruary 12, 2019
TDC Life is thrilled to announce that we have been recognized as a Top Workplace by the Toledo Blade for the second consecutive year. This is only made possibly by the hard work and dedication of our amazing team who help foster a challenging, fun, and collaborative work environment each and every day.
2019 Tax Reference Sheet Now AvailableFebruary 5, 2019
Our 2019 tax reference sheet is now available. This quick guide offers information you'll need to know for the upcoming year.
Key Person Disability Protection (Video and Case Study)January 24, 2019
A private equity firm lost a CEO of one of their key portfolio companies to a disability after he suffered a stroke. While the firm had purchased key person life insurance, yet this coverage did not protect them in the event of the stroke. They incurred a significant financial loss as the CEO can no longer perform his duties.
Case Study: Mr. PC (Video and Case Study)January 17, 2019
The Situation: Mr. PC has Property & Casualty insurance with a popular national insurance company which had not been shopped around the market in over five years. Mr. PC has multiple homes and policies with different renewal dates and provisions. Conclusion: More can cost less. Contact us to find out how.
Dr. InsuranceJanuary 14, 2019
The Situation: The client had all the life insurance they needed but wanted an analysis of the policies they owned. They were unsure if they should keep their policies or drop their policies. If keeping, what was the best way to fund?
Split Dollar Solution for C Corp Business OwnersJanuary 10, 2019
In recent years, split-dollar life insurance arrangements have made a comeback as a key benefit strategy for businesses who want to incentivize their key employees. TDC’s Tyler Horning further discuss the effectiveness of split-dollar life insurance by sharing a powerful technique to use with business owners who have significant capital tied up in a C Corp and are trying to avoid the double taxation problem.