Our Company News
Why Every Business Owner Needs a Business Succession Plan
Episode 81 - If you’re a small business owner, you’ve worked tirelessly to build your business. Your financial needs and those of your family are highly dependent upon it. So now is the time to make sure that you have a business succession plan for...
Required Minimum Distributions for 2020 Revisited
Prior to the COVID-19 pandemic, the biggest news was the enactment of the SECURE (“Setting Every Community Up for Retirement Enhancement”) Act on December 20, 2019, which deeply impacted retirement plans and IRA accounts. There were several key features in this law,...
Retirement Income for Owners of Pass-Through Entity Businesses
Episode 79 - Owners of pass-through businesses have few options outside of personal savings and the sale of the business for retirement income, unless a qualified retirement plan is installed. There is, however, a simple option that we’ll...
Attracting and Retaining Top Talent with Executive Bonus Plans
Episode 78 - An Executive Bonus Plan is a flexible strategy to recruit and retain top employees with a unique benefit that helps them protect their family and to build up supplemental savings. We’ll examine how this works.Transcript of Podcast Episode 78
City of Binghamton Proclaims “Security Mutual Week” in Recognition of Company’s Contributions
We as a country and as unique communities are only just beginning to recover from the personal and economic losses resulting from the COVID-19 pandemic. As we work through these difficult times together, we continue to be inspired by the individuals and organizations...
Coronavirus Stimulus Package – Modifications to the Paycheck Protection Program
On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (the “Act”) which modified several of the provisions originally enacted in the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. The CARES Act...
Security Mutual Life’s Terminal Illness Rider
Did you know that SML's Terminal Illness Rider is applicable to every new policy, regardless of the product or the insured's age? Maximum amount is $500,000 (Policies sold in the states of California and Florida offer a maximum benefit of $250,000 per...
A Strategy to Hold Your Best Employees—Retention Bonus Plan
Episode 76 - A Retention Bonus Plan is a strategy to retain your best employees for a specified period of time with a unique monetary benefit. It builds loyalty and helps the employee supplement savings. We’ll examine how this works.Transcript of Podcast...