Insurance Companies

Compliance, Sales and Building Client Loyalty – We Can Help with What Matters to You

We can help you achieve two powerful business benefits - protecting your company from expensive legal and compliance risks and helping you attract and retain clients. We have over 25 years experience working with insurance companies, supporting qualified and nonqualified retirement plan administration and products. Partnering with our firm can make you more successful.

• Compliance Reviews. Cost-effectively keeping administration processes compliant can be daunting. It is not easy keeping pace with the complexity and frequent changes in retirement plan rules.

We offer a proactive compliance review to uncover and correct problems in administrative procedures that can affect your bottom line. We can also perform targeted compliance reviews in such areas as compliance testing, Form 5500, tax reporting, and participant disclosure.

• Implementing New Rules. We can help you analyze new rules and regulations and design the most efficient methods to modify your procedures, forms, and client communications to respond to required changes.
  
  

• Employee Training. Employees can more efficiently and effectively deal with plan administration and client issues if they clearly understand retirement plan rules. Trained staff can identify plan qualification issues and client administration problems and get them corrected before an IRS or DOL audit. Our interactive training programs simplify complex concepts and organize information in easy-to-use reference tools.
  

• Annuity/Life Products. As Baby Boomers approach retirement with increasing longevity, the focus is shifting from asset accumulation to distribution and retirement income. Retirees need to maintain and manage a stream of retirement income that they won’t outlive.  Innovative annuity products are addressing the need for a fixed stream of lifetime income and the need to keep the portfolio growing to accommodate increasing life expectancy.

We can draft annuity and life contracts and riders, negotiate approval with state insurance regulators, draft disclosure booklets for nonregistered products, and review marketing materials for NASD compliance. 

• Prospectuses.  Prospectuses and prospectus supplements need review to ensure they accurately describe the annuity or life product and reflect current employee benefits tax law. We can provide a thorough technical review, draft required revisions, and handle negotiations with the SEC reviewer.