Group Term Life Insurance Plans
Let Southern Financial Services show your company the benefits of providing a Section 79 Plan. This section of the IRS code provides an employer a tax deduction for premium payments on behalf of participants. As a business owner you know that your employment of an individual provides the financial means for that employee's family, the death of whom can bring emotional and financial ruin to the family. Your employee will be grateful that this added benefit is available to him or her. Southern Financial Services will guide you through the tax implication and benefit of using this plan as an incentive to key employee, as in a discriminative plan, or this plan can be set up as a non-discriminatory plan. These two types of plans have very different tax implication on premium payment and on death benefit. Southern Financial Services will offer an analysis of these plans and provide the information you need in determining which plan is right for you and your company.
