SECTION III.

“Funding Your Buy-Sell Agreements and Key Man Coverages”

Presented by Cohen Partners LLC: Mark Isack, CFP®, ChFC

Who will your new partner be???

The Buy-Sell Concept is Simple

Entity Buy-Sell Agreement

Cross-Purchase Buy-Sell Agreement

Wait & See Buy-Sell Agreement

Disability Buy-Sell Agreement

Business Owner & Executive Solutions

Business Protection

Stay Bonus Plans

Key Person

Business Overhead Expense

Key Person Insurance

Why should I purchase Key PersonCoverage?

How Do Key Person Plans Work?

1 Employer pays premium on, and is the owner and beneficiary.

Employer Life Ins. Carrier

Upon the death of the key employee, the employer receives the death proceeds generally income tax free.

2

Exit Planning

Non- Family Family

Sell to Co-Owner

Sell to Employee or Third Party

• Cross Purchase

• Entity Purchase

• Wait & See

• Multi-Owner Buy-Out

• Business Continuation General Partnership/ LLC

• Installment Sale

• Employee Stock Ownership Plan

• Select Buy-Out Plan

• One-Way Buy-Sell

• Installment Sale

• Transfer to Owner then Buy-Sell as Co-Owner

Sell to Co-Owner Sell to Employee or Third Party

• Cross Purchase

• Entity Purchase

• Wait & See

• Multi-Owner Buy-Out

• Business ContinuationGeneral Partnership/ LLC

• Installment Sale

• Grantor Retained Annuity Trust

• Employee Stock Ownership Plan

• Select Buy-Out Plan

• One-Way Buy-Sell

• Gift Business

• Installment Sale, Interest Only Installment Sale, or Self Cancelling Note

• No-Sell Buy-Sell

• Grantor Retained Annuity Trust

Ranked Priority Percent Offered

1 Business Protection 30

2 Group Health Benefits 51

3 Income Protection 24

4 Qualified Retirement Plans 39

5 Group, Life, Disability, Dental & Vision

46

6 Supplemental Retirement Income 14

7 Voluntary Employee Benefits 13

8 Wealth Transfer 66

9 Survivor Income 70

10 Exit Planning 27

Business Owner Key FindingsRanked Priority and Percent Offered

Conclusions:

Protect the future of your Start-up Business with Buy-Sell Agreements and Key-Person Insurance

What are your priorities as a Start-up Business

Discuss with your insurance professional what Business Protection you need for your company’s current stage of development.

Disclaimer

This presentation represents our understanding of the Federal income, gift and estate tax law as currently interpreted. Summit Financial Resources, Inc., its affiliates, agents and representatives, do not offer tax or legal advice. We recommend that you seek specific advice regarding legal and tax matters from qualified advisors.

The illustrations used in this presentation are purely hypothetical and are used solely to demonstrate the general concepts presented herein.

Mark Isack is a Representative of, and offers securities through, Summit Equities, Inc., Member FINRA/SIPC,and, an Investment Advisory Representative offering Financial Planning Services through Summit Financial Resources, Inc. Supervisory Office, 4 Campus Drive, Parsippany NJ 07054 (973) 285 3670

Thank you!