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Cutter & Company provides the following types of insurance and employee benefit products. We maintain relationships with many different insurance companies in each category - to provide you the best coverage we can find at the most competitive price.
Health Insurance
We at Cutter & Co take pride in our service intensive procedure for handling health insurance. Each year we bid our client’s census data to the market prior to renewal. By the time our client receives the renewal rates, we are already analyzing the comparison market trends and negotiating better rates. We will send your data to up to fifty carriers to provide a bid. Upon return, we will prepare a spreadsheet of the most competitive carriers, tailored specifically for your company.
Life Insurance
We offer a wide selection of choices (term, whole life, universal life, variable life) when it comes to deciding on the insurance that’s right for you. Our goal is to look at your entire financial picture and offer you the specific product to meet your goals.
Disability Insurance
When you think about all the things that depend on your income, you can easily see why your ability to work and earn an income is your most valuable asset. Disability income protections keeps the money coming in if you’re sick or hurt and can’t work.
Long Term Care Insurance
Paying for nursing home or skilled nursing care can be an expensive proposition with daily room rates for nursing homes costing $100, $150, $200 or more. Eligibility for this insurance is based on your current health, so the optimum time to purchase long term care insurance is before you retire, when premiums will be lower. There are many decisions to make concerning your purchase of LTC insurance, including the daily benefit amount you might need, the length of time you want to be able to receive payments and the initial number of days you will pay your expenses out-of-pocket before the payments ever begin. Then you have to decide on options, rate the insurer and determine if tax-qualified or non tax-qualified is best for you. At Cutter and Company we are here to inform you about your options and help your pick the insurer who is best for you.
Dental
There are voluntary plans and employer sponsored plans to choose from. The choice of dental plans and options can be staggering. Let Cutter and Company explain the terminology and actual cost of dental insurance.
Cafeteria Plans
Cafeteria Plans offer employees the option of paying their premiums and medical expenses and child care with pre-tax dollars, thus increasing their take-home pay.
Medicare Supplements
Increasingly the government is allowing individuals to have more choice in their health insurance when they retire. Cutter and Company can explain your options and help you determine the plan thet best fits your income and needs.
Retirement Plans
Whether you are looking for a way to fund your child’s college expenses, buy that new home or secure a comfortable retirement, Cutter and Company has a plan for you. We offer employer sponsored plans that achieve the goals of both plan sponsor and employee. Our goal is to maximize your returns while keeping the management costs as low as possible. We can find the right IRA for the individual saver, invested in fixed income or mutual funds. We shop employer plans regularly to insure that you are getting the best value for your investment. We can explain the art of choosing your portfolio and offer guidance in determining the path that is most likely to meet your specific needs and income. The brokerage division of Cutter and Company can offer individual stock purchases as a way to achieve your retirement dreams.
Health Savings Accounts
HSA’s are high deductible medical plans that reduce the cost of health insurance premiums. There are certain advantages to putting money into these accounts, including favorable tax treatment, portability, savings and control. There are specific limitations and restrictions that apply to HSA’s. Let one of our insurance professionals help you determine if this type of plan is right for you.
Annuities
Fixed, variable, equity indexed and immediate annuities are available, when appropriate, to help you meet your wealth preservation and accumulation goals.
Keyman Life & Disability
This is a life insurance policy protecting a corporation or business from the death of a key employee, either a man or a woman. Keyman Insurance is often required in a business where one or a small number of individual employees are key to the success of the venture. In other words, when the death or disability of the key person could effectively destroy the value of the business. With Keyman Insurance, if that key person dies or becomes disabled, the corporation usually receives the proceeds as the beneficiary of the insurance policy.
Buy-Sell
A buy-sell agreement is a contract among business owners. At the loss of an owner, the business interest is transferred according to the terms of this contract. The other owner or owners are obligated to sell at a pre-determined price. Buy Sell insurance can benefit both the heirs of the deceased and the surviving owner(s) of the business. When properly structured, there may be significant tax advantages and debt reduction capability for the business.
Voluntary Benefits
Voluntary employee benefit plans differ from traditional group plans in two key areas:
- Unlike traditional group benefits (such as medical, dental & disability) that require the employer to pay some portion of the premium, voluntary programs require no employer contributions. The employer sponsors voluntary plans, but the premiums are paid 100% by the employee through the convenience of payroll deduction.
- Traditional employer-sponsored group benefits require high levels of participation, typically 75%. Voluntary programs generally require only 20% of the eligible employees to enroll, and plans from some carriers have no participation requirement at all. Samples of some voluntary benefit plans are: life insurance, accident and disability insurance, automobile and homeowners programs and specified health event coverage (i.e. Cancer, heart attack, stroke, etc.)
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