Solutions for Businesses

Here at Princeton Capital Associates and Insurance Services, 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 plans 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 non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

Working with other New York Life agents across the country, we can offer valuable products and services to credit unions, their key officers and board members. We specialize and focus on the design, implementation, and ongoing service of executive benefit, prefunding, and group benefit programs. Our support services include assistance with:

- 7872 (CASD*)
- 457(f)
- Separately Managed Accounts (SMA)
- Long Term Care Insurance
- Voluntary Employee Benefits

*With this program the executive owns the policy and the Credit Union pays all of the premium payments as a series of loans to the executive. The executive then collaterally assigns the policy to the Credit Union. The executive's beneficiaries receive the total death benefit minus the amount owed to the Credit Union.

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.

Prefunding Solutions

Credit unions are facing shrinking margins and rising employee benefit costs. Under current regulations there exist opportunities for increased yield that can help increase the credit union's ROA and Yield on Average Investments.

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 indemnifies 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 recruit and develop a replacement for the employee.

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 ensure that the arrangement is properly funded so that there will be money when the event is triggered.