Contact Us
Murray, Schoen & Homer Inc.
71 North Avenue
New Rochelle, NY 10801
Tel: 914-632-8989
Fax: 914-632-9170
email MSH
Key Employee Plan–The Basics
You will need to contact your insurance agent and your attorney.
First, the corporation purchases an insurance policy on the key employee’s life. The corporation pays the premium, owns the policy, and is named as the beneficiary.
When the employee dies, the corporation receives the total death benefit income tax free. It’s that simple!
Please note that this is only a simple discussion of a complex legal issue...For specific legal advice, please contact your own attorney.
Independent insurance brokers providing personalized financial planning and insurance services including homeowners insurance, business insurance, professional liability and group medical benefits. Murray, Schoen & Homer Inc is a New York State licensed insurance agency located in New Rochelle, NY and serves the surrounding Westchester County communities including Larchmont, Mamaroneck, Mt. Vernon, Harrison, Eastchester and Pelham, New York.
As a licensed entity in the State of New York we want to notify you that this is not an offer to sell insurance or an
advertisement of insurance anywhere except the State of New York, United States of America.