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Nurturing and growing a business takes time, money and patience. For this reason, it is important to prepare for your future and that of your employees. The retirement plan for your business can help you and your employees save for the future. It can also give you a competitive advantage in attracting and retaining talents you need in the growth of your business. Having an annuity option to your retirement plan is a wise plan to consider. At KeyLife Principle Brokerage in Kentucky, we can help you acquire an annuity plan for your business.

Business and annuities


The KeyLife Principle Brokerage staff is made up of highly trained and experienced individuals. We will help you create solutions for your clients. We have access to the best income planning, wealth transfer, IRA and estate planning tools in the industry.

Types of annuities

Fixed annuity vs variable annuity

In a fixed annuity, money is placed in fixed investments such as bonds and interest is earned for a certain duration of time. You are guaranteed a minimum interest for a specified period of time.

A variable annuity has money placed in market-based investments such as mutual funds, stocks or money markets. You also have the option to move money among different investments.

Deferred annuity vs immediate annuity

In an immediate annuity, you are guaranteed payments immediately you make your first payment. It can be permanent or for a specified period of time.

With the deferred annuity you income payments are put on hold for a period of time. This allows the money you contribute to earning interest.

Annuities are a wise investment plan. They help you to continue earning even after retirement. Call or visit us at KeyLife Principle Brokerage in Kentucky to get your option of other insurance. Our agents will guide and educate you on different types of annuities for you to be able to acquire one that fits your business. Caring about the future of your employees can motivate them to work harder. Have peace of mind knowing your future is secured.


Business Owner: Business Succession Planning

The death of a partner or major stockholder in a business can have devastating effects on both the business and the deceased partner’s surviving family. The business is concerned with gaining control of the deceased partner’s interest at a fair price so that it can continue operations without interference from the surviving family members. The family members are most concerned with receiving as much money as possible for their interest in the business and for capital that may be needed for estate settlement purposes.

Types of Business Owner Buy-Sell Arrangements

Entity Plan: Under this arrangement, used when there are multiple owners, each of the business owners has a separate agreement with the corporation or partnership as the entity. The entity, per the buy-sell agreement, will buy the deceased partner’s interest at his or her death.

Cross Purchase Agreement: Used in situations where there are two or three owners, a cross purchase agreement is established between each of the owners. At the death of one of the owners, the surviving owners agree to buy a proportionate share of the deceased owner’s interest.

Buy-Sell arrangements are a simple, yet effective way for business owners of privately held companies to plan for the orderly transfer of business interests where two or more owners are actively involved in the business. In addition to securing the needs of the surviving family members and ensuring the continuation of the business, a buy-sell arrangement also ensures each owner that there is a buyer for their business interest at a fair price.

Group Benefits:

Employers utilize employee benefits as a way to attract and retain employees and employees utilize benefits to enhance their lives and add security.

We work with you to create a customized employee benefits solution for your employees. We start by learning about your company’s objectives and goals. Then we analyze your current offering and work with you to develop a program that brings it all together.

Our group benefits include:

  • Group Health
  • Group Life
  • Group Voluntary Benefits
  • Wellness Programs

Our Partners:

  • American General
  • American National
  • Anthem
  • Athene
  • Colonial Life
  • Foremost
  • Global Atlantic
  • Grange Insurance
  • Humana
  • IDShield
  • Kentucky National
  • LegalShield
  • Liberty Mutual
  • Lincoln
  • MetLife
  • Mutual of Omaha
  • Principal
  • Progressive
  • Prudential
  • Safeco
  • Settlers Life
  • State Auto
  • Travelers
  • United Healthcare

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