MMC Benefits
Insurance - Benefits - Investments
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MMC
  • Home
  • About Us
    • Company Bios
  • Insurance and Benefits
  • Preparing For Retirement
  • Contact Us

Employee Benefits Packages

Employee Benefits Packages

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Customer Service Is Our Passion

Affordable Care Act Specialists

Affordable Care Act Specialists

Retirement Planning

Retirement Planning
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  • Insurance and Benefits

Insurance and Benefits

MMC Benefits strives to offer effective insurance and benefits strategies to small business owners like you to protect what you value most in your business.

For example, using tax-exempt life insurance is a tax-efficient means of transferring wealth out of a corporation and into the hands of the next generation. Here are more articles about the role of insurance in a sound business financial or personal plan.

Also, you can read more about the retirement benefits we can offer to small businesses.

Insurance strategies, and more importantly, how they are combined, can help you manage your business finances effectively. Here are some of the insurance solutions we offer.

 

Funding Buyout Agreements

In the case of partnerships insurance can provide a method of funding buyout agreements so that the remaining partner takes full control of the business and the surviving family is properly compensated.

Business Succession Planning

When an owner-shareholder retires or passes away a business succession plan can help protect your business. At MMC Benefits, we will help you structure an appropriate succession plan which includes buy-sell agreements, a Will and powers of attorney. Since Lincoln Financial securities and their representatives do not offer tax or legal advice, we can use your current tax and legal professionals.

Buy-sell agreement

Insurance is a great way of providing the necessary funds to the corporation for the purchase of a deceased shareholders unit shares in the business.

Key Person Insurance

For companies that rely on the skills and contributions of a single person; their sudden departure can create a financial void difficult to overcome. Taking out life insurance on this “key person” or these “key people” can help mitigate this cost.

Shared Ownership

Shared ownership of a permanent insurance policy can be an attractive way of protecting the company against the death of an employee.

Striving to Minimize Corporate Taxes

Insurance not only can reduce a corporation’s taxable income; it also can help lower the value of the business by the amount of the investment, in turn reducing the capital gains tax liability.

Striving to Maximize Corporate Assets

Using a Universal Life or Whole Life policies tax deferred capabilities; corporate assets can avoid accrual taxation and therefore potentially grow to a much greater value than if invested in the traditional format. In addition to the tax benefits, upon death the proceeds can be paid out of the corporation tax-favored hence saving about 33% of the tax liability.

Executive Life Insurance Planning

Executive life insurance packages for managers and executives serve to protect an executive’s family, while you benefit from an investment offering tax-deferred growth.

Contact Us

(757) 423-5005
814 W. 45th St, Suite B
Norfolk VA 23508
go@mmcbenefits.com

Patrick Moore, Advisory Representative offering investments to residents of FL, NC, TX & VA, and advisory services to residents of TX & VA through Lincoln Financial Securities, Member SIPC Gabriel Christensen, Registered Representative offering investments to residents of AL, MD, NC, NY, TX & VA., through Lincoln Financial Securities. Lincoln Financial Securities and their representatives do not offer legal or tax advice. Please see your personal professional regarding your individual circumstances. Lincoln Financial Securities is not affiliated with MMC Benefits, LLC. LFS-3796641-092821

Securities and Advisory services offered by and through Lincoln Financial Securities Corporation, a broker/dealer (member SIPC), and a registered investment advisor. Please do not send any time trading or transaction instructions through this email. They will not be executed. Please call the Lincoln Financial Securities Trade Desk at 1-800-237-3813. Lincoln Financial Securities and their representatives may not offer legal or tax advice. Please see your personal professional regarding your individual circumstances.

Not all registered representatives with our firm are able to offer advisory services. See Lincoln Financial Securities (LFS’) Form CRS Customer Relationship Summary, available here, for succinct information about the relationships and services LFS offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. LFS’ Forms ADV, Part 2A, which describe LFS’ investment advisory services, Regulation Best Interest Disclosure Document, which describes LFS’ broker-dealer services, and other client disclosure documents can be found here.

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