Instant Decision, Affordable Term Life Insurance

Instant Decision, Affordable Term Life Insurance

Did you know that you may qualify to apply for Life and Disability protection plan WITH NO PHYSICAL EXAM. By acting now you can take advantage of our “New Life Insurance You Don’t Have To Die To Use”. This will protect you and your family by locking in special low rates for your entire life span, depending on qualifications and medical questionnaire, without a medical exam. For complete details at NO COST OR OBLIGATION, please call  866-675-3933 https://integrity4life.com/MKG-Insurance-Agency [https://integrity4life.com/MKG-Insurance-Agency] MKG Insurance Agency CDI License #0J03013 Mentioned in this episode: intro music 1 intro music 1

CalSavers: California retirement savings plan mandate

MKG Insurance Agency offers privately owned employers defined benefit plans and business owners retirement plans. Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. These plans allow the key employees to contribute up to the maximum dollar limit of $20,500 for 2022 as their 401(k) elective deferral without regard to what the other employees contribute. The maximum deferral for 2022 is $27,000 if a participant is age 50 or over https://mkginsuranceagency.com/business-owner-retirement-plans/ [https://mkginsuranceagency.com/business-owner-retirement-plans/] An important deadline is on the horizon for California business owners. By June 30, 2022 employers with five or more employees are required to have a retirement plan in place for workers — either through a private-market option, like a 401(k), or through the state-run CalSavers program CalSavers: California retirement savings plan A by-product of state-mandated retirement legislation, CalSavers is designed to improve the financial security of Californians working in the private sector. It also presents an opportunity for small business owners who otherwise wouldn’t have been able to afford the overhead or administrative costs of a retirement plan to keep employees engaged and attract new talent. What is CalSavers? CalSavers is a retirement savings program sponsored by the State of California, facilitated by businesses and funded by employee savings. It has no employer fees or fiduciary responsibility and minimal administrative upkeep, making it relatively simple for businesses to participate. Mentioned in this episode: intro music 1 intro music 1

412(e) defined defined benefit plan overview

Contribution Flexibility Defined benefit plans allow higher contribution levels than defined contribution plans but along with that flexibility comes the requirement to meet minimum contributions. Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over. Interested in sharing your life insurance story, become a guest on our show https://mkg-insurance-agency.captivate.fm/booking [https://mkg-insurance-agency.captivate.fm/booking] Learn more about Safe Harbor 401(k) plans:  https://mkginsuranceagency.com/business-owner-retirement-plans [https://mkginsuranceagency.com/business-owner-retirement-plans] MKG Insurance Agency CA License No. 0J03013 Contact us for a free quote (559) 293-4977 Mentioned in this episode: intro music 1 abstract trailer

Do you have the old type of life insurance you have to die to use?

The time for you to get life insurance is now. Its an easy step you can take today from your home. Do it for you and do it for your loved ones.  Do you need to protect your family? Would you like to create a tax free retirement? Life insurance allows you to accomplish both these objectives very efficiently and affordably. Why Life Insurance In the event of a tragedy, life insurance proceeds can help cover everyday expenses, like the mortgage and household bills. The cash received from a policy (the death benefit) can help protect your family from being burdened with debt. In addition to helping meet your family’s immediate financial needs, life insurance can also be used to help keep a business thriving, help finance future needs like your children’s education or supplement your retirement funds. You may know the distinct pride you get in purchasing your own home or car. Ownership can give a certain comfort, a certain satisfaction that your financial stability is solid, secure, and even permanent.  Interested in sharing your life insurance story, become a guest on our show https://mkg-insurance-agency.captivate.fm/booking [https://mkg-insurance-agency.captivate.fm/booking] MKG Insurance Agency CA License No. 0J03013 Contact us for a free quote (559) 293-4977 Website: https://mkginsuranceagency.com/life-insurance/ [https://mkginsuranceagency.com/life-insurance/] Mentioned in this episode: intro music 1 intro music 1

Protect Your Most Valuable Employees

An Executive Bonus plan using life insurance can provide a simple yet powerful retention fringe benefit for business owners and key employees. Another advantage is the business may be able to take a current tax deduction for the bonus paid in the executive bonus plan. The business pays a tax-deductible bonus to fund premiums for a life insurance policy personally owned by the business owner.The business owner designates a beneficiary for the death benefit. The business owner may have access to policy cash values on a tax-favored basis to address personal needs such as supplemental retirement income. *The business owner employee pays income tax on the bonus received. At death, the business owner’s beneficiary receives the death benefit proceeds, generally income tax-free. You carry insurance coverage to protect your business from the loss of property and equipment, but what about your most valuable asset—your key employees? A key employee may be the owner, a partner, a top executive or an important member of your organization with unique talents, experience or skills that are crucial to the prosperity of your business. Key person life insurance protects your business from the financial impact of the loss of an essential employee. As a business owner, you understand that one of your most valuable assets is the creative talent of your key employees. Your competitors also understand this and compete for the very same talent. You need a protection strategy that will give your key team members a strong incentive to remain employed at your organization. One way of managing this challenge is to offer an attractive compensation package. But salary alone may not be enough. An executive bonus plan (also known as a Section 162 bonus plan) may provide a simple solution. These plans are designed to help you attract and retain key employees.  Learn more about 162 Executive Plans:  https://mkginsuranceagency.com/162-executive-bonus-plans/ [https://mkginsuranceagency.com/162-executive-bonus-plans] Interested in sharing your life insurance story, become a guest on our show https://mkg-insurance-agency.captivate.fm/booking [https://mkg-insurance-agency.captivate.fm/booking] MKG Insurance Agency CA License No. 0J03013 Contact us for a free quote (559) 293-4977 Mentioned in this episode: intro music 1 intro music 1