Intuitive Insurance : Working to Protect Your Capital

The Result: ABC Manufacturing, Inc. now has established an off-balance sheet reserve against certain business losses. In addition, the company now pays $320,000 less in annual federal and state income taxes. Upon the retirement of the owner, he will liquidate the captive insurance company and will acquire all of its assets, paying only capital gain taxes on the proceeds. Read More...

The Result: The client is building an off-balance sheet reserve against potential losses. In addition, he is now saving over $250,000 annually in federal and state income taxes. His children’s trust is accumulating value of over $600,000 per year. The client’s estate is being reduced each year by $624,000. Over a ten year period, the client expects to save over $2,500,000 in income taxes and over $3,400,000 in estate taxes and the trust for the children expects to accumulate over $6,500,000 in assets, subject to payouts for covered losses. Read More...

The Result: The client is now creating an of-balance sheet, pre-tax reserve against possible further hurricane losses. In addition, Each of the shareholders is saving over $100,000 per year in federal income taxes and each shareholder is building value in his/her shares of the captive at the rate of nearly $260,000 per year (less any payouts for future losses). Read More...