In this technical podcast, Ed does a deep dive into how a business owner could benefit from securing an 831(b) Plan, including:

• Any premiums they pay into their captive 831(b) Plan are a tax-deductible expense to the business on the front end, lowering the operating company's taxable incomes.
• The premiums paid into the captive 831(b) plan are tax-deferred. Those funds can be managed while those policies are in force, and after premiums are no longer at risk. Funds removed from the 831(b) plan are considered long-term capital gains or can be taken as a distribution or loan.
• Businesses can account for good underwriting years and grow their assets.
• This additional revenue can allow for many more exit options down the road.
• Risk mitigation for under or uninsured liabilities including business interruption, supply chain interruption, political risk, warranties, key employee loss, and many more.

Tune in to learn more about the intricacies of 831(b) Plans and how they might help your business owner clients.