Business Related Insurance
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Key Person Policy
Every successful business has people who are simply irreplaceable. They might be the founder, a senior executive, or someone whose expertise, relationships, or leadership drives the company forward. But what happens if that person is suddenly no longer there?
That’s where a Key Person Policy comes in. This type of life insurance is designed to protect your business against the financial impact of losing a vital team member. The policy provides the company with funds to cover potential revenue loss, recruitment costs, or even to reassure investors and stakeholders during uncertain times.
That’s where a Key Person Policy comes in. This type of life insurance is designed to protect your business against the financial impact of losing a vital team member. The policy provides the company with funds to cover potential revenue loss, recruitment costs, or even to reassure investors and stakeholders during uncertain times.
Think of it as a safety net for your business continuity. While no one can replace the talent or vision of your key person, this policy ensures your company has the resources to stay afloat and regroup without major setbacks.
With MLK FinServ, we help you identify key players in your organization and tailor coverage that matches your company’s size, industry, and financial goals. Protect your business backbone today—because safeguarding your people means safeguarding your future.
With MLK FinServ, we help you identify key players in your organization and tailor coverage that matches your company’s size, industry, and financial goals. Protect your business backbone today—because safeguarding your people means safeguarding your future.
What We Offer
Transforming Business Finances with Expert Solutions.
Project Finance
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Investment consulting
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International financing
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Residential property
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Lending and financing
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Financing & Construction
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Buy Term Life Insurance
Business owners often face the same concern: “How do I protect my business without overpaying for coverage?” That’s where Term Life Insurance comes in.
Term life insurance provides affordable, straightforward coverage for a fixed period—commonly 10, 20, or 30 years. If the insured passes away during the term, the death benefit can be used to pay off debts, cover expenses, or support the business transition.
Term life insurance provides affordable, straightforward coverage for a fixed period—commonly 10, 20, or 30 years. If the insured passes away during the term, the death benefit can be used to pay off debts, cover expenses, or support the business transition.
This option is especially beneficial for entrepreneurs, startups, or small businesses managing tight budgets. It allows you to secure high coverage at a lower cost compared to permanent life insurance. For instance, if you’ve taken business loans or your company heavily relies on you, a term policy ensures those obligations won’t fall on your family or partners.
At MLK FinServ, we specialize in helping business ownerschoose term policies that align with their financial responsibilities and long-term goals. Simple, smart, and cost-effective—that’s the power of buying term life insurance for your business.
At MLK FinServ, we specialize in helping business ownerschoose term policies that align with their financial responsibilities and long-term goals. Simple, smart, and cost-effective—that’s the power of buying term life insurance for your business.
Excellent Point
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Client Feedback
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Executive Bonus Plans
Attracting and retaining top talent is one of the biggest challenges for any business. Salary alone isn’t always enough to keep key executives motivated and loyal. That’s where an Executive Bonus Plan comes in.
This plan allows employers to reward selected executives by paying premiums on a personally-owned life insurance policy for them. The executive owns the policy, receives the benefits, and enjoys peace of mind knowing their family is protected. For the business, it’s a deductible expense and a great way to show commitment to valued leaders without complex benefit programs.
This plan allows employers to reward selected executives by paying premiums on a personally-owned life insurance policy for them. The executive owns the policy, receives the benefits, and enjoys peace of mind knowing their family is protected. For the business, it’s a deductible expense and a great way to show commitment to valued leaders without complex benefit programs.
Think of it as a win-win strategy: your executives gain financial protection and potential cash value accumulation, while your business strengthens employee loyalty and reduces turnover.
MLK FinServ helps businesses structure Executive Bonus Plans that are both tax-efficient and customized to meet company goals. If you’re looking for an edge in retaining talent, this is one benefit that speaks volumes.
MLK FinServ helps businesses structure Executive Bonus Plans that are both tax-efficient and customized to meet company goals. If you’re looking for an edge in retaining talent, this is one benefit that speaks volumes.
Protecting People. Empowering Businesses.
From executive benefits to group insurance and wellness solutions, MLK FinServ helps you build loyalty, security, and lasting success.
ILIT (Irrevocable Life Insurance Trust)
When it comes to advanced business and estate planning, an Irrevocable Life Insurance Trust (ILIT) is a powerful tool. It’s a trust created to own and manage a life insurance policy outside of your estate, ensuring that death benefits are protected, tax-efficient, and distributed according to your wishes.
For business owners, an ILIT can provide liquidity to cover estate taxes, fund buy-sell agreements, or ensure a smooth transfer of ownership. Since the trust is irrevocable, the assets are not considered part of your taxable estate—offering significant tax advantages.
For business owners, an ILIT can provide liquidity to cover estate taxes, fund buy-sell agreements, or ensure a smooth transfer of ownership. Since the trust is irrevocable, the assets are not considered part of your taxable estate—offering significant tax advantages.
Think of an ILIT as a shield: it separates the life insurance proceeds from personal and business liabilities, ensuring your wealth and business legacy remain intact for your beneficiaries.
At MLK FinServ, we guide you through the complexities of setting up an ILIT, working closely with legal and tax advisors to create a solution tailored to your business and family needs. Protect your legacy with confidence—because the right planning today can secure stability for generations tomorrow.
At MLK FinServ, we guide you through the complexities of setting up an ILIT, working closely with legal and tax advisors to create a solution tailored to your business and family needs. Protect your legacy with confidence—because the right planning today can secure stability for generations tomorrow.
Excellent Point
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Client Feedback
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Group Health Insurance
A healthy team is the foundation of a thriving business. Group Health Insurance offers employees and their families access to quality medical care while providing employers with a cost-effective way to enhance benefits.
By pooling coverage for an entire group, premiums are often more affordable than individual policies—making it easier for employees to get the care they need. It covers essential health expenses such as doctor visits, hospitalization, preventive care, and more, giving your team the confidence that their well-being is a priority.
By pooling coverage for an entire group, premiums are often more affordable than individual policies—making it easier for employees to get the care they need. It covers essential health expenses such as doctor visits, hospitalization, preventive care, and more, giving your team the confidence that their well-being is a priority.
For businesses, offering group health insurance isn’t just about meeting expectations—it’s about building loyalty, reducing absenteeism, and attracting top talent.
At MLK FinServ, we help organizations find the right group health insurance solutions that balance affordability with comprehensive coverage. When your team feels supported, productivity and retention follow naturally.
At MLK FinServ, we help organizations find the right group health insurance solutions that balance affordability with comprehensive coverage. When your team feels supported, productivity and retention follow naturally.
Group Wellness Plans
We help businesses offer a unique, IRS-compliant wellness benefit that not only supports employee health but also helps the company save $600 to $800 per employee per year in payroll taxes.
It works through a Section 125 pre-tax plan structure — meaning your team keeps their full take-home pay, gets extra wellness and protection benefits, and you reduce your FICA liability without changing your current health plan. However, if you are currently not offering Health Insurance to your employees then we can help you with that as well.
It works through a Section 125 pre-tax plan structure — meaning your team keeps their full take-home pay, gets extra wellness and protection benefits, and you reduce your FICA liability without changing your current health plan. However, if you are currently not offering Health Insurance to your employees then we can help you with that as well.
For employees, it’s a chance to feel valued and supported beyond just their job role. For businesses, it means improved morale, stronger engagement, and higher productivity.
At MLK FinServ, we design Group Wellness Plans that fit seamlessly with your company’s culture and goals—helping you foster a workforce that is healthier, happier, and more motivated.
At MLK FinServ, we design Group Wellness Plans that fit seamlessly with your company’s culture and goals—helping you foster a workforce that is healthier, happier, and more motivated.
