The Governor Insurance Agency has served the insurance needs of our customers for over 60 years. With that service in mind, in 2007 we established a benefits department managed by an individual with decades of experience in the employee benefits and estate and business planning arena. Having Professional designations of Chartered Life Underwriter, Chartered Financial Consultant, and Registered Health Underwriter through The American College demonstrates our commitment through advanced study and continuing education to stay abreast of the best planning techniques to assist you in setting up your employee benefits program, estate and business insurance, or your retirement program.
The Governor Insurance Agency has developed excellent carrier relationships that allow us to find the best-fitting programs for you and your employees. Governor Insurance Agency is 1 of 380 agencies, nationally, able to offer Lincoln's "Life Comp" plans for executive compensation planning, and estate and buy-sell funding.
Our benefits and life department can assist you in selecting the Employee Benefit program that best meets you and your employees' needs for group medical, dental, vision, life, short & long-term disability programs, including payroll deduction benefits.
We can help you choose a Retirement Plan that is most appropriate for your company. We will help you understand your choices – 401(k), 403(b) plans, IRA's, annuities.
The Governor Insurance Agency is ready to assist you in determining the correct form and amount of Individual Life Insurance you need– term & permanent life insurance.
Our life specialist can assist you in selecting the most appropriate method of buy-sell funding & planning. We can also provide guidance and funding tools for retaining key persons in your business. We are also able to offer executive compensation plans for you and your key persons.
The Governor Insurance Agency can work with your attorney and accountant in providing estate plan funding.
We also offer Disability Plans – both individual and group disability plans and Long-Term Care Plans – individual, payroll-deducted, and plans.
The Governor Insurance Agency can provide both fully-insured and self-insured medical plans from a number of carriers and third party administrators. We can help you choose from traditional plans; Health Reimbursement accounts (HRA), Health Savings Accounts (HSA), Flexible Spending Accounts (FSA), and Minimum Premium Plans.
Voluntary Employee Benefit Plans
We can also offer voluntary benefit plans for your employees. With the increasing cost of employer-sponsored coverage, many employers are offering dental, additional life insurance, disability plans, legal aid, long-term care,and several other specific coverage on a payroll-deduction basis.
The Governor Insurance Agency can assist you in setting up your company's retirement plan with nationally-known companies. We provide you with tools to manage your fiduciary responsibilities by providing participant education and fund review. We offer all current plans - Safe Harbor 401(k), 401(k), 401(k) plans for one, SEP's, Simple IRA, IRA – both traditional and Roth.
Business Succession Plans
The Governor Insurance Agency can assist you in setting up and funding your business succession plan in case of death, disability, or retirement. We can help you chose the appropriate plan for your situation - cross-purchase plans, company stock-redemption plans, LLC-held buy-sell plans.
We can assist you in attracting and keeping key employees, and in protecting your company in case of a key person's death.
We can provide appropriate funding vehicles for your estate plan using life insurance through Irrevocable Life Insurance Trusts.
We also offer individual disability plans through a number of highly-rated carriers.
We can assist you in choosing a long-term care plan that meets your needs and budget. We can also offer suggestions for corporate funding where appropriate.