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- 1. komedix
- 4. The Problem Regulatory Taxes Income Wealth Risk =
- 5. How Do Captives Work? A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 6. How Do Captives Work? Owner • underwrite exposed risks • access reinsurance • improve after tax returns • transfer wealth Pays Premiums Subsidiary Captive Underwrites Risk A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 7. How Do Captives Work? A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 8. How Do Captives Work? Shareholder Physician • underwrite exposed risks • access reinsurance • improve after tax returns • transfer wealth Reg Compliance Policy Pays Premiums Practice Captive Underwrites Risk A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 9. Traditional PORC A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 10. Traditional PORC • improve after tax returns • transfer wealth Car Owns Reinsurance Company Dealer Receives Dividends PORC Sales Commission: $20 Sells Policy Commission: $100 e.g. credit life Reinsures Risk Pays Premiums Premium: $80 Profit Commission? Customer Captive Underwrites Risk • underwrite exposed risks • access reinsurance A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 11. Proposed PORC A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 12. Proposed PORC • improve after tax returns • transfer wealth Owns Reinsurance Company Physician Receives Dividends PORC Purchases Policy Pays Premiums Reinsures Risk Patient Captive Underwrites Risk • underwrite exposed risks • access reinsurance A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 13. Proposed PORC A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 14. Proposed PORC • improve after tax returns • transfer wealth •$800 Owns Reinsurance Company Physician Receives Dividends PORC Purchases Policy Pays Premiums: $1,000 Reinsures Risk Patient Captive Underwrites Risk • underwrite exposed risks • access reinsurance •$200 A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 15. Proposed PORC A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 16. Proposed PORC • improve after tax returns • transfer wealth Owns Reinsurance Company Physician Receives Dividends PORC Pays Premiums: $1,000 Purchases Policy Reinsures Risk Patient Captive Underwrites Risk • underwrite exposed risks • access reinsurance A captive insurance company is simply an insurance company owned by the parent that underwrites the insurance needs of the parent's subsidiaries.
- 18. The Wealth Transfer Plan TM
- 20. The Wealth Transfer Plan TM Superior Asset Protection Tax Mitigation Investment Potential Real Insurance Increase in Wealth Transfer Practice Revenue