Here at Bright Future Financial LLC, we offer a wide array of services to help business
owners address their financial needs at every stage of the business life cycle. Taking into
account their personal values and financial goals, we create and execute customized strategies
to help entrepreneurs meet their objectives. Some of our key services are detailed below.
Executive Benefits
The success of most businesses is tied into the talent, passion and work ethics of their
key executives. Executive benefit packages can help you attract, motivate, and retain
high-caliber employees and keep your company healthy and stable. We can help you with
funding non-qualified plans, supplemental employee retirement plans, split dollar plans, and
more.
Succession Planning
Succession planning allows owners to leave their business on their own timeframe while
preparing their company to be transferred to family members, key employees, an outside
party, or even a charity. This must be done in a way that achieves personal financial
security, maintains harmony, and achieves maximum value for the business.
Key Person Insurance
Key person life insurance offers a death benefit that helps to indemnify an employer for
the loss of one of its most important assets - the key person. This can help assure
continuity of the business for employees, customers and creditors, and protects against
losses in sales, momentum, and credit. It can also be used to assist with recruiting and
developing a replacement for the employee.
Funding Buy-Sell Agreements
A buy–sell agreement is a legally binding agreement between co-owners of a business that
governs the situation if a co-owner dies or leaves the business, whether by force or by
choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure that
the arrangement is properly funded so that there will be money when the event is triggered.
Funding Deferred Compensation
Deferred compensation is a written agreement between an employer and an employee where the
employee chooses to have part of his or her compensation withheld by the company, invested
on their behalf, and distributed back to them at a pre-determined point in the future.
Deferred compensation can be used as a flexible way to attract and incentivize key
employees.
Employee Benefits
Selecting the right benefit package is becoming increasingly important in retaining the
best employees, and keeping them productive. We aim to know and understand your complete
financial situation and strive to provide you with the highest quality information,
products, and services to help you reach your goals. Focusing on your objectives, budget and
culture, we work with you to custom design your group benefits, qualified retirement plans,
and voluntary benefit plans to address your employees’ unique needs. Our strong
relationships with insurers enable us to effectively represent your employees to ensure
claims and issues are resolved promptly.
