Primewest Insurance Group helps for-profit or non-profit organizations manage their executive fringe benefit programs. We design supplemental or fringe benefit programs to ensure your organization's executive benefits remain competitive.

Our services include:
Business Continuation
Executive Planning
Program Analysis
Wealth Preservation

Increasingly, corporations are using executive benefit programs to attract, reward and retain key executives. As an employer, this type of plan:

• Helps you attract and retain top performers
• Can be implemented on its own or in conjunction with an existing qualified plan
• Can be implemented on its own or in conjunction with an existing qualified plan
• Avoids the stringent IRS requirements of qualified plans.
• Requires minimal ERISA compliance when properly structured
• Can be informally funded with life insurance
• Can provide cost recovery through the income tax free death benefit.

Our goal is to meet the following corporate and executive goals:

• Offer a benefit concept that can be constructed to address the specific needs of the executive and employer.
• Provide implementation and ongoing plan administration that meets the highest standard of service to the executives involved in the plan and the internal administrator.
• Provide a benefit which can be easily communicated and appreciated by executives and their families.
• Maximize benefit security to the extent allowed.
• Provide a benefit which can be easily communicated and appreciated by executives and their families.
• Provide tax favored tailored solutions to the executive's particular needs.

Business Continuation 

Most entrepreneurs spend the better part of their lives building a business.  Too often, something as simple as retirement or as complex as a disability or death can bring an abrupt end to that venture.

PrimeWest Insurance Group understands that many of our clients are the owners of small, closely held corporations.

As a result, we recognize the need to bring them the planning tools and guidance that will result in smooth transitions and successful business continuity into the next generation.

Our services include

Business Valuations

Traditional Buy Sell Agreements with Funding

ESOP Buyouts

Preferred Stock Recapitalizations

Private Annuities

The next decade is expected to see the largest inter-generational transfer of wealth in history.  Much of this asset transfer is dependent on the successful continuation of family and closely held businesses.

PrimeWest Insurance Group is prepared to assist with this planning.

Executive Planning 

With the market's continuing roller coaster ride, it is a good time to review your Company's qualified retirement plan.  With many retirement portfolios losing value, individuals need to save even more for retirement.  For highly compensated employees, such a strategy is not feasible within a qualified plan due to statutory limits on contributions.  This is where executive benefit planning makes a great fit.

PrimeWest Insurance Group can provide you with the expertise, resources, and services needed to be in this market.

What can you expect?

Program Analysis 

Benefit planning in today's economic environment is more complex than ever.  To further exacerbate the situation, personal planning issues like estate planning, business continuity, and retirement planning are interwoven with corporate benefit plans.

PrimeWest Insurance Group has the resources to assure our clients the proper integration of their benefit plans with the personal goals of business owners and highly compensated senior executives.  In a highly professional and consultative manner, a thorough program analysis can be performed to:

Identify any inconsistencies in plan designs

Uncover potential estate and retirement planning issues for owners and key executives

Recommend alternative plan design or product acquisitions to better serve constituent needs Utilizing objective estate planning, business continuity, and non-qualified executive benefit skills; we assist our clients with effective and tax efficient planning solutions that are consistent with their personal goals.

Wealth Preservation 

With the implementation of the Economic Growth and Tax Reconciliation Act of 2001, there is now more confusion than ever regarding Federal Estate Taxes.  Contrary to popular opinion, the estate tax has not been eliminated.  Now, the challenge of wealth preservation is planning the implementation of techniques that are adequately flexible to respond to the evolving nature of this legislation.

PrimeWest Insurance Group recognized that there is a need among our clients for access to the planning skills that can help them through this process.  PrimeWest Insurance Group goal is to help maximize the assets transferred to heirs while minimizing the Federal Estate Tax.

To accomplish this goal, we evaluate risk exposure through a five-step process:

• Determine personal goals
• Calculate transfer costs
• Evaluate techniques to mitigate liability
• Identify sources to pay expenses

Design the solution

Clients who own closely-held businesses and the highly compensated executives of publicly held companies are at special risk.

PrimeWest Insurance Group has a wide array of skills and products to meet our clients` needs in an effective, professional and consultative environment.