Supplemental Retirement Plans in Robinson

Sherry Bopp Insurance is Robinson’s leading agency for supplemental retirement plans. We help you protect your wealth, manage your assets, and ensure a prosperous retirement well into the future. Whether you’re an individual or an employer, our experienced team of agents is sure to be of assistance. With us at your side, you can rest easy: Your retirement plan is in the safest hands.

To discover what we can do for you, call us at (618) 554-2760 and book a consultation today.

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Retirement Planning for Businesses

As an employer, you know just how valuable talented and engaged workers are to the productivity and success of your company. To retain staff, it’s vital to provide them with excellent benefits and insurance.

Supplemental executive retirement plans (or SERPs) are designed to offer key company benefits beyond those covered in their existing retirement plans. Providing extra support will be beneficial to you and them in the long run.

At Sherry Bopp Insurance, we help companies provide their top executives with SERPs that appropriately acknowledge and reward their contributions to the business. If you’re considering this type of remuneration, we have the knowledge to provide expert guidance and optimum value.

Supplemental Retirement Plan: How it Works

As executive retirement plans are flexible and can be tailored to meet specific needs, we begin our service by conducting a consultation. These consultations allow us to discuss all matters related to your needs and wants. Although most SERPs are funded through life insurance plans, we’ll also take the opportunity to explore all the options available for funding and investment.

In purchasing a SERP, most companies will choose a cash-value life insurance plan. The employer buys the insurance policy, pays the premiums, and has access to its cash value. They receive supplemental retirement income paid for through the insurance policy. At that point, the employer gets a tax deduction. As insurance agents, we can help you find the program that will allow you to recover the full cost of your investment. Contact us today to get started.

Benefits of a Supplemental Retirement Program

SERPs can be a good option for individuals and employers. They are a high-value, low-risk investment that includes several benefits, such as the opportunity to maximize retirement income and lower tax burdens.

In most cases, the plan can be structured in a way that allows companies to recover their costs. The benefits also accumulate without tax consequences. When funded with a cash-value life insurance plan, death benefits are available to provide a continued payment or a lump-sum payment to the beneficiaries in the event of premature death. This feature provides additional security. To find out more about supplemental retirement plans, be sure to get in touch with us today.

Maximize Your Retirement Savings with Sherry Bopp Insurance

As your insurance agency, we’re here to give you the guidance you need to enjoy your retirement to the fullest. For quality advice from trusted experts, Sherry Bopp Insurance is the name to remember.