Corporations

Protecting the personal assets of your firm’s senior management should be a cornerstone of a company’s benefit program. Frank Crystal & Company has extensive experience partnering with its clients’ senior executives to develop and implement strategies to protect their personal net worth.

In concert with our Employee Benefits team, we apply our Private Client Services approach to the benefit of executives, partners, and principals of:

Financial Institutions
Law firms & other professional partnerships
Multinational corporations

Executive Personal Insurance Review:
Assists executives by analyzing policies to ensure that assets such as homes, automobiles, yachts, aircraft, fine arts and collectibles are adequately protected. Our analysis will determine if the executives’ objectives are being met and recommend a program with the broadest terms and conditions at the most competitive premiums.

Group Personal Excess Liability Insurance
Allows executives to purchase high limits of liability protection at discounted premiums while also providing expanded coverage to include uninsured motorists, identity theft and kidnap ransom. As a group program, there is very little individual underwriting, which results in broader eligibility. Coverage limits typically range from $5 million to $50 million and, if desired, higher limits can be obtained.

Life and Disability Insurance:
In conjunction with the group benefits available through your firm, executives may individually have a need for additional life insurance and disability income protection. A defined group of these individuals can be used to obtain favorable terms from the marketplace.

Long Term Care Insurance:
An increasingly important component of asset protection is the funding of potential long-term care needs. Competitive individual long term care coverage for executives and their families (including parents and grandparents) can be obtained. Additionally, your firm can sponsor a voluntary long-term care program for employees, enabling individual coverage to be purchased at favorable rates and underwriting terms.

Deferred Compensation/Non-Qualified Retirement Plans:
Highly-compensated executives often have limited income tax deferral opportunities by maximizing contributions to their 401(k) and other qualified retirement plans. A nonqualified deferred compensation plan through your firm could provide additional tax deferral and help executives enhance their retirement assets.