Executive Benefits Solutions | World Insurance Associates LLC

Custom Executive Benefits Solutions

We design custom Executive Benefits solutions to give your company an advantage in recruiting, protecting, and retaining leadership.

Business Continuation Insurance

Properly insuring your key executives against premature death and disability should be at the forefront of your business plan . Our consultants provide your company the resources and expertise to ensure your business will continue and overcome the worst case scenario if you lose vital leadership.

Succession and Perpetuation Planning

Perpetuation plans protect your business during a change of ownership , sudden death of leadership, or a tragic downturn in the market.

Buy-Sell Agreements

A Buy-Sell Agreement ensures a smooth transition between business owners at time of separation or premature death. This agreement acts as a sort of “premarital agreement”, setting the price and terms for a buyout, to protect everyone’s interests.

Key Person Insurance

Key Person insurance is life insurance on the founder or key leadership of a business. In the event that a key person unexpectedly dies, the company receives funds to help find a replacement and keep the business running during this tragic time.

Business Overhead Insurance

This insurance will help pay business overhead expenses in the event that the owner becomes disabled and the business cannot function effectively. This insurance provides monthly funds to help pay business operating expenses until the owner recovers or sells their business.

Executive Long-Term Care

We analyze the benefit levels of your executives to design smart solutions that can support their lifestyles in retirement and protect their retirement assets from being depleted due to long-term medical costs.

Long Term Disability Insurance

This coverage is designed to replace a percentage of an executives base compensation to provide long term disability support.

Executive Long-Term Care Insurance

This insurance provides benefits for aging executives who will require hands-on assistance with daily activities.

Corporate Retirement Planning

We have the capabilities to handle any group size. We are proud to help you provide stability to your employees with smart retirement planning. As a leading advocate for a more secure retirement for employees, we are focused on solutions that help improve the retirement outcome for your executives and employees.

Supplemental Executive Retirement Plans

A SERP plan is designed to strengthen a qualified retirement plan and provide future benefits to an executive in event of retirement, death, or disability.

401(K) Planning

401(K) plans are company funded retirement savings plans for employees.

Deferred Compensation Plans

Deferred compensation plans allow executives to defer compensation to a retirement plan in order to withhold paying taxes until the compensation is received.

Executive Bonus Plans

Executive Bonus Plans assist executives in saving for their personal retirement goals. With this plan, the company pays the premium on a special employee-owned life insurance policy, while treating the premiums as a tax-deductible compensation bonus to the executive.

Employee Stock Ownership Plans

These tax-advantageous plans are designed to facilitate the ownership of a company by the employees through stock options.

Non-Qualified Deferred Compensation Plans

These plans are built to mirror a 401(k) plan and provide executives additions opportunities to defer pre-tax compensation into a retirement plan.

Estate Planning and Wealth Preservation

Estate planning helps increase, preserve, and transfer personal wealth. This process safeguards an executive’s accumulated wealth during their lifetime and beyond. We work with executives to safeguard their assets and protect their beneficiaries from issues such as creditors, funeral costs, bankruptcy, divorce, and the Estate Tax itself.

How Can Businesses Get Custom Executive Benefits Solutions?

To learn more about Executive Benefits, contact us at (855) 667-4621 or complete the form to request a free consultation.

Meet Your Specialist

Alex Miller

Alex began his insurance career in 1995 with Empire BlueCross BlueShield (Anthem). There he rose to Senior Sales of Large Groups. In 1998, he founded Millennium Medical Solutions Corp., a group employee benefits and PEO agency, which was acquired by World Insurance Associates in June 2020. Alex joined World Insurance as Director of PEO Benefits.

Alex is a resident of Westchester, married to Lee Miller, and father of three children. He is an active member in his community, serving on school boards and volunteering for Meals on Wheels. He is an avid swimmer, kayaker, ranked backgammon player, and long-time suffering Jets fan.

Alex holds a Bachelors in Science in Business, Management & Finance from Brooklyn College and a Bachelors in Science in General Science (Pharmacy) from Long Island University. He is a noted blogger and is passionate about his craft.

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Excellent service and always helpful! I have used and continue to use World Insurance for all my insurance needs. They are customer oriented and always there to service you whenever you have a question or just need direction. Pricing is very competitive. Highly recommended!

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This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.

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