Last Updated:
January 19, 2022

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A Brief Introduction to Captive Insurance

Over the past 20 years OF Crematieverzekering many small businesses have begun to insure their own risks through a product called “Captive Insurance.” Small captives (also referred to as single-parent captives) are insurance companies established by the owners of closely held businesses looking to insure risks that are either too costly or too difficult to insure through the normal insurance marketplace. Brad Barros, an expert within the field of captive insurance, explains how “all captives are treated as corporations and must be managed during a method according to rules established with both the IRS and therefore the appropriate insurance regulator.” According to Barros, often single parent captives are owned by a trust, partnership or other structure established by the premium payer or his family. When properly designed and administered, a business can make tax-deductible premium payments to their related-party insurance firm . counting on circumstances, underwriting profits, if any, are often paid bent the owners as dividends, and profits from liquidation of the corporate could also be taxed at capital gains. Premium payers and their captives may garner tax benefits only the captive operates as a true insurance firm . Alternatively, advisers and business owners who use captives as estate […] read more
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Top Advice on Types of Annuities

People have different financial goals. As such, there are a number of ways to invest money, with different objectives and intentions. One of the popular ways is through an investment plan called annuities. The best advice on this type of investment is that it is important to pick the right one from among the types of annuities being offered by an insurance company. What are annuities, you might say. It is an investment plan that is tax deferred, low yielding, and safe. Retirees are the top annuity holders or investors, but it is an excellent way for anybody to manage their money. Aside from the types of annuity, there is the annuity rate to consider. These are closely linked. The different kinds of annuities are the fixed, variable, immediate, deferred, and equity indexed annuities. Before investing your money, you should first study these variables. An annuity quote by a professional agent will help much in making a decision about types of annuities. Perhaps the agent can even help with understanding the basic question of what is annuity, aside from helping a prospective client with annuity quotes and rates. If your financial goal is a steady stream of level payments, then […] read more
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