Supplemental Retirement Plans in Prince Albert
As a business owner, you know how important your employees are to company success. Employees that have been with the company for years, work hard, and hold high-level positions are some of the most valued.
To retain and reward key players, many companies will invest in supplemental retirement planning to ensure that valued employees are comfortable in their old age. These plans tend to exceed the coverage provided by other retirement plans. Ensure you have the best supplemental retirement plans by choosing RAM Financial LTD as your trusted local brokerage.
Get in touch with our experts today at (306) 244-7660 to discover the most affordable and comprehensive supplemental retirement benefits in the Prince Albert area.Get A Quote
Get Started on Retirement Planning with RAM Financial LTD
If you are looking for a team of experts to help you choose the very best retirement fund, you can trust our team of brokers. Known for unparalleled customer care and satisfaction, we’ve been involved in all aspects of retirement planning, including supplemental benefits for years. We have the experience to provide expert guidance and know the insurance products that will deliver the best value for your company.
But don’t just take our word for it! Find out for yourself when you book a consultation today.
No-Obligation Retirement Program Consultations
You’ll have access to a wealth of knowledge when you take advantage of our comprehensive consulting services.
There are dozens of supplemental retirement plans on the market today. We will walk you through your options and find a package that works. We are always more than happy to customize our packages to meet and exceed your expectations.
Understanding Your Employee Retirement Savings
While there are many supplemental retirement options available, most companies choose a cash-value life insurance plan. The employer funds the program by buying the insurance policy and paying the premiums. The company has access to its cash value.
Upon retirement, the insurance policy pays the employee’s supplemental income. Once the employee receives the income, it becomes a taxable benefit. At that time, the employer gets a tax deduction. The funding method benefits both parties.
Benefits for Companies
When companies seek to maximize their crucial employee retirement benefits, supplemental retirement plans can be good choices as the company benefits financially from its investment. When the benefits are paid, the company deducts them as an expense. When a life insurance policy is used to fund the retirement plan, the company benefits from tax-deferred accumulation within the system.
Retirement Benefits for Employees
Employees can tailor the supplemental retirement plan to meet their specific requirements. The benefits accumulate without being immediately taxable. Most policies will also include a death benefit that can be provided to the employee’s beneficiaries in the case of their premature death.
Call Us for Full-Service Retirement Planning in Prince Albert
At RAM Financial LTD, we set up and manage your supplemental retirement fund. We are available as a continuing source of information and support should you need it, and we’re happy to take your calls around the clock.
Get in touch with us now at (306) 244-7660 for any inquiries.