signaturelogo Home | Locations | Contact Us | Site Map | Sign On
 
logobar Banking
Credit & Lending
Cash Management
Investments
smColorBar

About Signature
Personal Services
Business Services
Business Services Overview
Business Banking Accounts
Credit & Lending
Investing & Brokerage
Insurance
Cash Management Services
Investor Relations
Skip Navigation LinksHome > Business Services > Investing & Brokerage > Insurance Services

Insurance Services

Through Signature Securities, you can work with experienced insurance representatives to develop an appropriate and comprehensive executive benefit plan that incorporates some or all of the following insurance planning products and services:

  Executive life insurance

This includes executive coverage that surpasses group term life limits and are often portable, allowing executives to take their coverage with them, throughout their careers and into retirement.

  Premium financing

This plan allows business principals to use a combination of the life insurance policy and other assets as collateral for a loan to fund life insurance policies. Premium financing is typically appropriate for clients with large estates and significant insurance needs who want to finance the payments with little or no out-of-pocket costs; it is particularly appealing to those reluctant to liquidate high-yielding assets to make policy payments. The program typically requires:

  • A recourse loan used to finance premiums
  • Personal guarantees from the borrowers
  • Additional collateral, in excess of the cash value of the policy
  • Annual collateral reviews
  Non-qualified deferred compensation

A non-qualified deferred compensation plan enables deferment pre-tax; executive salary, bonus or incentive pay can be used as contributions to a life insurance plan in excess of typical qualified retirement plan’s limits.

  Disability income

Many employee-group-sponsored disability coverage plans do not replace even half of an executive’s base salary and variable compensation. Reduce the amount of unprotected earnings for your organization’s key executives with a disability income insurance plan.

  Long-term care

Executives of all ages should include long-term care insurance as an essential part of an asset protection program.

  Buy/Sell Agreements

The death of an owner or partner of a business can cause financial problems and hardship for the business. Allow your Signature Securities Financial Advisor to bring together the resources necessary for members of a partnership and stockholders in closely held corporations to assure that funds are available to transition ownership of a business in the event of a partner retires, becomes disable or dies. Advantages of using insurance to fund the transfer of your business include:

  • Complete pre-arranged financing
  • Federal income tax-free death proceeds
  • Cash values for buyout due to retirement or disability
  • Purchases funded with (time value) discounted dollars
  • Strengthened credit position


Insurance services:
Are Not FDIC Insured


Are Not Bank Guaranteed


May Lose Value

Are not a deposit or other obligation of the bank or any bank affiliate;
Are an obligation of the insurance company only;
Are not guaranteed, issued or underwritten by the FDIC, the bank or any bank affiliate;
Are not insured by any agency of the US, the bank or any bank affiliate;
Are not a condition to the provision or term of any banking service or activity;
Need not be negotiated or purchased through any particular person as a condition of any financial transaction or service;
May be purchased from any agent or company and the customer’s choice will not affect current or future credit decisions; and
Involve an investment risk, including possible loss of principal or loss of value. The market value of the investment may fluctuate, causing possible loss of principal amount invested.

Guarantees are based on the claims-paying ability of the issuing insurance company. Guarantees do not apply to the investment performance or safety of amounts held in the variable sub-accounts.

Neither Signature Securities Group nor its employees or agents provide tax or legal advice. You must consult your tax and legal advisors regarding your personal circumstances.


Business & Institutional Investing
Overview
Our Advisory Process
Brokerage Services
Asset Management
Insurance Services
Retirement Plans
SBA Loan Sales & Pool Investing





No information on this web site should be considered a recommendation or solicitation to invest in a particular security or type of security.

Signature Securities Group Corporation ("SSG") is a registered broker dealer, registered investment adviser, and licensed insurance agency. SSG, Member FINRA/SIPC, is a wholly owned non-bank subsidiary of Signature Bank.

Securities, Insurance and Monogram Money Market Funds Program products are:
• NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE

Signature Bank and SSG comply with Section 326 of the USA PATRIOT Act. This law mandates that we verify certain information about you while processing your account application.

Signature Bank, Member FDIC, is an Equal Housing Lender 



Internet Privacy & Security / Signature Bank Privacy Policy / Account Agreements & Disclosures / www.finra.org

Signature Bank, member FDIC.

Copyright 2007
All rights reserved.