Turn Skyrocketing Insurance Premiums Into Profits Before They Drain Your Business DrySmart medical and business professionals are saving hundreds of thousands of dollars on insurance each year. Learn how you can use their secret strategy to:
If you're in a profession where lawsuits abound, this letter could save your business!
Dear Reader,
Let's face it, insurance costs are out of control. According to the National Coalition on Health Care, employer health insurance premiums increased by 11.2 percent in 2004. That's nearly four times the rate of inflation for the same period!
But that's just the burden on the average business owner. Things are a lot worse for companies and practices that have to carry larger policies:
And there's no end in sight. As big insurance companies continue to merge and consolidate, the number of competing health plans is shrinking. That means fewer options for employers to negotiate with...which can only drive costs even higher. The situation is so bad that many companies are going out of business - or worse, going into debt just to keep things afloat. Doctors and business owners feel they have no alternative but to "grin and bear it."
But a few smart companies and professionals have had enough. They're fighting back, paying lower premiums, and getting better coverage than they can from traditional providers. They're even making a profit from their insurance premiums, and saving taxes into the bargain. Here's how... The answer to skyrocketing malpractice and business insurance premiums With premiums constantly on the rise from traditional American commercial insurance companies, U.S. healthcare providers and other businesses have gone looking for alternative insurance sources. And a growing number are finding it outside the U.S., using a 300-year-old concept called "captive insurance."
A captive insurance company is a bona-fide whollyundefinedowned insurance subsidiary of a nonundefinedinsurance parent company. Its business is primarily supplied by and controlled by its parent company owners, who are also the principal parties insured against risk. In this sense it is a "do-it-yourself" insurance company.
The insured owners participate in controlling the underwriting, claims and investment decisions of their insurance company. The arrangement is called "captive" because the insurance company is generally "captive" to the insurance needs of the parent company's business.
Captive insurance companies can be formed in 23 states, but the majority of them are located in offshore jurisdictions that offer services from more experienced providers, better asset protection, and a wider selection of investment choices.
This may be the first time you've ever heard of captive insurance, because many companies aren't yet aware of its exceptional benefits. Here are just a few examples of how it's being used today:
And the list goes on. Captive insurance companies have been formed by churches, construction companies, waste management companies, and many other businesses in industries plagued by regular lawsuits. More than 5,000 captives have already been formed, and the number has been growing for the last 25 years as more companies learn how to take control. Take control of your insurance costs - and get better coverageIt's a sad fact today that traditional American insurance companies will gladly gouge you with premiums that are double the value of your local loss history...or more! They want you to pay for other people's mistakes, no matter how good your own record may be.
With a captive insurance company, however, you're in control. Premiums can be controlled at a reasonable level, based on the needs of the parent company or participating partners. Underwriting, premiums, rates, forms, claim settlements and investments are controlled by you, the insurance buyer. And because a captive is custom-tailored to your company or group needs, risk and claim management become far more efficient.
What's more, you don't have to pay the marketing, sales, and commission costs a traditional insurance company has. In many cases these and other cost-saving benefits exceed the costs of setting up and operating the captive insurance company.
Lower premiums and better service are enough to make captive insurance a life-saving program for many businesses. But you can also use them to make a great deal of money... How to turn your insurance premiums into profits and save hundreds of thousands in taxesWhen your company or association establishes a captive insurance company, you gain a huge benefit: you get to make money off your insurance premiums. You can use up to $350,000 in premiums each year to invest, build up reserves to cover claims, and make profits over and above the reserves!
And by locating your captive in an offshore domicile, you'll avoid costly taxes and payments into state-imposed "pools" at home. You'll also open up your company to some of the world's most profitable and reliable investment options...many of which are not available in the U.S. In addition, many offshore countries levy no taxes at all on captives located there.
Best of all, insurance companies get a unique tax break from the U.S. government: you pay no taxes on profits from the captive's investments until they are withdrawn from the company! This tax-deferral can easily save you hundreds of thousands of dollars - and keep your growing profits working for you instead of bleeding them off to Uncle Sam each year. That's one big reason why the American billionaire, Warren Buffet, owns insurance companies.
And all this is in addition to the tax write-off you'll get for paying the premiums in the first place!
Yet despite all the benefits - lower costs, greater profits, better risk management, and tax savings - captive insurance companies have been known only to a savvy few for more than 300 years. But now, for the first time ever, we'll show you how to get started in one concise, information-packed report.
Discover everything you need to put captive insurance to work for youIf you're ready to save hundreds of thousands of dollars in insurance costs, it's time for you to consider captive insurance. I've just completed a special 18-page report containing everything you need to get started, including:
You could easily spend thousands of dollars - and a lot of time - to learn the least expensive and most profitable ways to set up a captive insurance company. But you'll find all this and more in the newly-released Captive Insurance Report for just $29. That's a drop in the bucket compared to the hundreds of thousands you stand to save in insurance premiums.
Your complete satisfaction is fully guaranteed. If you're not 100% satisfied with the Captive Insurance Report for any reason, you may receive a full refund within 30 days.
You don't have to put up with outrageous premiums any longer. Respond today to learn how you can take control of your insurance costs, get better coverage, save taxes, and even make a profit on the premiums you pay.
Sincerely,
Bob Bauman,
|
