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Author Archives: Matt Schiff

Author By Matt Schiff Posted on Categories Corporate Owned Life Insurance, Deferred Compensation, Education, Employee Retention, Estate Planning, Executive Benefits, Owner Benefits, Retirement, Trust Owned Life Insurance

Collaborative Practice Meeting – May 15th/16th

Are you an Attorney, Accountant, TPA, Trust Officer, Insurance Agent, Property and Casualty agent? If you work with Business Owners, and their families, then you want to be at this meeting where you will hear about how to COLLABERATE with other professionals who work with your client.

We will spend the day on Thursday, May 16th at the Fitler's Club in Philadelphia sharing a case study that is VERY relevant in today's world. How do you handle the intricacies of the family while bringing together all needed advisors to work seamlessly?

Well, we will have 20-25 attendees from different professions, coming together to discuss the challenges that they are facing with their clients in 2024. Come join us, and network with some of the best in their fields.

P.S. The night before, we have a Box at Citizens Bank Park for the game between the NY Mets and the Philadelphia Phillies (@6:40pm).

Sign up below to save your spot.

Author By Matt Schiff Posted on Categories Deferred Compensation, Executive Benefits, Income Maximization, Retirement

How to Retire Happy – Regardless of your Age

We are thrilled to have Tom Hegna, past Senior Vice President of New York Life's Annuity division on to discuss how to Retire Happy, regardless of your age.  In the Third Episode, Tom gives you insights into what you should do, when you should do it, and what PRODUCTS, you should have to retire HAPPY.

P.S. If you want to learn more for your specific situation, click on the form to the right to have your "Perfect Plan" designed based upon your goals.

https://youtu.be/jQ7xGYpVHp0?si=yOWXs1To9Ba6N8yy

#RetireHappy #PerfectPlan #Income #IncomeAnnuity #Annuties #LifetimeIncome

Author By Matt Schiff Posted on Categories Education, SBG News

Our Education Podcasts – Are Up – The Story Behind SEB

Have you ever wondered what you need to know to be financially successful?  Well, in a series of podcast over the next few months, Matt Schiff, CLU, ChFC, WMCP and founder of Schiff Executive Benefits will be discussing these important items with John Stamper, his Podcast Host, and his stars studded guests.

In the first two Episodes, we get an introduction of how Matt and SEB started, and then in Episode 2 get into a concept that EVERYONE should know, "Save Early".

Author By Matt Schiff Posted on Categories Income Maximization, Life Insurance, Owner Benefits, Retirement

Life Insurance as an Asset Class

You've heard the saying, "Buy Term and invest the difference, right?" Well, in this clip, Tom Hegna explains the BASICS about Whole Life Insurance.  When combined with other tax strategies, as well as a Long Term Care Rider which is now a "standard" rider that EVERYONE should add to your policy (if old enough), it becomes an Asset that you can use your WHOLE LIFE.

If you are in your 20's, the concept is compounding. A life insurance policy purchased when young, can do the following:


  • Tax Deferred Growth of your money

  • Lifetime Insurance Protection

  • Guaranteed ability to purchase MORE every few years (without a medical exam)

  • Provide a Long Term Care Benefit

  • Placed in a trust for "special needs" care of an individual

  • Used as a Buy/Sell in the future

  • Buy a house and use the cash as a down payment (with repayment to yourself)

  • Depending on the product, may also have guaranteed lifetime income (depending on carrier).

Author By Matt Schiff Posted on Categories Deferred Compensation, Employee Retention, ESOP, Executive Benefits, Owner Benefits

Latest Trends in Executive Benefits – The SEB December 2023 Newsletter

Check out the Latest Trends in Executive Benefits in the latest Schiff Executive Benefits (SEB) Newsletter. This month, learn:


  • How to "monetize" your business while still controlling it (ESOP)

  • How to retain key employees with a deductible benefit that has a risk of forfeiture

  • Implement a Long Term Benefit on a Company wide Basis (with little to no underwriting)


 

Author By Matt Schiff Posted on Categories Uncategorized

Study Group Announcement – New Orleans – Nov 5-7th, 2023

Are you an “Independent” Corporate and/or Bank Owned Life Insurance Consultant? Do you remember the Ramsey Study Group in the late 2000’s?


Well, if you want to be part of a group of “like minded” producers who wish to learn and share knowledge with some of the brightest and best in the business, then plan on being in New Orleans, November 5th to 7th, for a fast paced knowledge summit specific to the advanced planning market of corporations and banks. Meeting will be held at the Hotel Monteleone where the latest changes to products, services, and admin platforms will be discussed. Cost savings ideas on existing plans, as well the latest designs and tax law updates will be shared.


Speakers: Mel Todd (COLI Consulting Group), Peter Ricchutti (Professor Tulane Business School), Bud Schiff (Alvarez and Marsal), Dylan Major (Pangburn Group) and MANY more.


Registration Link

Author By Matt Schiff Posted on Categories Life Insurance

What to know before buying Life Insurance


Recently the Today Show did a piece on purchasing life insurance and having a will. In this video they explain the Why, How, Costs, Types of Coverage, and who you can buy Life Insurance from.





Writing a will and buying life insurance: What you need to know (today.com)





Did you know that only 31% of people feel like they understand life insurance? Why not get educated and click on our link to the Today Show's clip to learn more. Then, come back and we can help.


Author By Matt Schiff Posted on Categories Employee Retention, Executive Benefits

Ready for the Great Talent Resignation?


Actionable Ideas to Recruit, Retain
and Reward Key Talent





In a time when more executives are walking away from their jobs, what can you do to keep them leaving during the Great Talent Recognition? Well, in this article by Andreas Stuermann, a fellow Lion Street Owner, he shares his ideas and insight into what might interest you and your staff that isn't for everyone, discretionary, and may be fully cost recvoered.





Key_Talent_Retention_During_the_Great_Resignation_SBGDownload

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