OUR VALUE PROPOSITION

1) Client-focused service strategies
By working with business owners to understand their operations and identify their short and long-term goals, LMB Insurance provides recommendations for designing a comprehensive strategy that delivers the most advantageous insurance solutions tailored to your organization’s needs.  We work with clients to provide continuous service and review their insurance program structure as their organization grows and their individual needs change.
 

2) Carrier selection and case expertise
With 20 years of experience in various specialty individual insurance markets, LMB Insurance has established relationships with a wide range of insurers. This provides significant advantages to our clients by enabling effective placement of high-limit insurance cases.

3) Transparency and best practices
LMB Insurance provides professional, confidential and understandable advice with full transparency of placement options, including disclosure of our compensation. This helps our clients to make the most informed decisions about their insurance options and plan long-term financing arrangements.­
 

LMB’s key service offerings include:

1) Business succession planning
The complex areas for the inter-generational transfer of wealth and the cost-effective strategies for private corporation succession are planning strategies that can protect and maximize estate assets. Private businesses are often sold to third parties or transitioned to adult children or other shareholders. In these scenarios, we advise on insurance strategies for fulfilling purchase agreements, key person benefit coverage, and insuring business loans. When the business is transitioned to adult children, we advise on insurance strategies for the purpose of current and future capital gains tax liabilities.

2) Individual executive benefits
How would your organization respond to a disabled senior executive whose benefit entitlement was significantly limited due to the group insurer’s inability to accommodate their intended coverage?

3) Shareholders agreement funding
Private corporations invariably have provisions contained within a shareholders’ agreement that detail the rights and obligations of shareholders in the event of death or permanent disability. Through in-depth analysis of our clients’ business assets, we assist business owners with funding the costs of ownership transition in the event of death or permanent disability.

4) Estate planning
Our estate planning clients include high-net worth families and private business owners with unique objectives, family structures and business operations. We advise our clients on the best strategies for creating customized, cost-effective, and tax-efficient insurance solutions for protecting and maximizing their estate assets and efficiently transferring wealth.

For more information on estate planning options, please contact LMB Insurance today.