Outsource Insurance - Managing life insurance portfolios to improve performance and reduce financial and fiduciary risk

Why Business Owners and Chief Financial Officers use Outsource Insurance Services

To save money
Add expertise without overhead
Improve risk management
Systematically manage insurance portfolios

Most businesses have a drawer full of life insurance policies covering:

Key person
Buy-Sell
Executive Compensation
COLI, SERP
Owner's Estate Taxes
Executive Supplemental Plans

How do you know you are getting maximum bang for your buck?
Are your policies obsolete? Underperforming? At risk of lapsing?

Outsource Insurance Services, Inc. operates as an extension of your financial department.

What services do we provide your company?

Review your policies with cost effective expert advice
Show you where you can improve policy performance and eliminate risk
Ensure that policy performance continues to support the original purpose of the policy
Assist in carrier selection and negotiation

Frequently Asked Questions

We have an agent who handles our life insurance. Why do we need Outsource Insurance Services?

It never hurts to have a second opinion by an independent 3rd Party. The use of life insurance in business for proper planning and maximum tax advantages is a very complex area. Maintaining in-house high level expertise in life insurance is prohibitively expensive. Outsource provides a unique extension of your financial department to provide cost effective expertise and a system of ongoing management and review.

It is simply impossible for your in-house staff to have up to date knowledge and access to all of the products, information, carriers, commissions etc. to which an agent has access. The role of Outsource is to make that information available to you so that you can better manage and negotiate you insurance needs.

Will Outsource provide second opinion on strategies that are proposed by our agent without being involved in the sale?

Yes, our role is to act on behalf or your company to negotiate the best possible arrangement. This may simply be reducing the agent commissions or recommending a more competitive product, or it may involve rethinking the entire strategy, or raising questions about the financial or legal validity of the proposed strategy or structure.

Do you provide consulting services beyond Life Insurance?

Yes. Our services include design and implementation of Captive Insurance companies, Private Placement Life Insurance, and a variety of complex strategies and structures related to executive compensation, non-qualified deferred compensation, qualified plan administration that may involve the use of life insurance. We do not consult on traditional casualty insurance.

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