MassMutual makes a serious commitment to clients and financial professionals by investing in a strong Advanced Sales Department. This group of dedicated professionals consults with producers to ensure that the client’s goals are met in a custom-tailored manner. In addition, Advanced Sales works with both in-house and the client’s outside counsel, tax advisors, and accountants in order to fully serve all of the client's business, estate, and insurance planning objectives.
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Advanced Underwriters are articles that provide Financial Professionals with a deeper understanding of complex subjects.
Sales Concept Brochures offer consumers a more detailed reference on various topics.
Strategy Snapshots are presented as case studies and can be used to approach business prospects. They offer clients high-level insight and options to consider for business and estate planning needs. Snapshots include links to additional resources for a deeper dive into the topic.
Strategy Spotlights are a high-level overview of the topic at hand and partner well with respective Strategy Snapshots, which show the topic in action.
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Ensure control and value of the business
Business planning frequently involves planning for closely held or family-owned businesses, concerning what will or should happen to the business at the death, disability, or retirement of an owner. There may be many decisions to make. Questions to consider include: Should the business be liquidated, sold to associates or others, or continued by the family? What is the value of the business now, what will it be worth to the family, and what will the estate taxes be? How will loss of value be made up for the family? Business planning needs to be coordinated with personal planning to make sure that control and the value of the business are maintained as desired.
Important considerations when making a gift to charity
People make gifts to charities for many reasons. It could be generosity, religious belief, gratitude, or an altruistic desire to benefit an alma mater or other organization. Regardless of the reason, the true meaning of the gift is to make the lives of others better. Benefiting a favorite cause can offer more than just self-fulfillment and assistance to others; there may be current tax benefits. Furthermore, donors can utilize life insurance to replace the value of the family assets that are given to charity, thereby financially protecting those who depend on them — and achieving their philanthropic goals.
A well-designed estate plan can help to meet goals and provide security
Estate planning can help make certain that the well-thought-out plans we make during our lifetimes will be implemented, and that our family’s financial needs will also be addressed.
We all have goals we want to meet during our lifetimes: the education of our children, a comfortable and financially secure retirement, or perhaps the purchase of a new home. The first step of estate planning is to plan for these lifetime goals. This type of planning addresses legal and financial concerns, taking into account goals and tax considerations. It also takes advantage of existing laws and funding vehicles to help save on taxes and optimally manage property during our lifetimes and beyond.
Executive Benefit Planning
Attract, Retain, Reward: Keeping Key People
Executive Benefits Arrangements are special benefit plans that a business can provide to key people (including C corporation stockholder-employees). These plans can be implemented to attract and retain key people by providing special benefits that are only available for a select group of management or other highly compensated employees.
Ensure that individual wishes are carried out — and that heirs receive assets in a way that minimizes estate, gift, income, and other taxes.
Personal planning can be thought of as a series of tasks that serve to manage an individual's resources in the event of incapacitation, death, disability, or divorce, including the bequest of assets to heirs and the settlement of estate taxes. Most plans are set up with the help of a personal attorney who is experienced in estate law. Additional important aspects of personal planning are family income protection planning, retirement planning, and college planning.