InsMark and Executive Benefit Solutions Form Joint Venture: 25,000 Insurance Producers Gain Access to Large-Company Executive Benefits Plans

By , in PR on .
BOSTON, MA – 10-11-2017 (Press Release Jet) — News Release                                                                                      Contacts: Carolyn L. Smith for EBS

                                                                                                                                [email protected] 707.558.0225 or 626.695.9630

                                                                                                                                Sacheen Thompson for InsMark [email protected]   925.543.0522

 

October 11, 2017 – Boston, MA – In a strategic move to open new markets for its 25,000 producers, InsMark, market leader in illustration software and strategies for the upscale personal and business insurance market, today signed a joint venture agreement with Executive Benefit Solutions (EBS) to serve as InsMark’s exclusive resource for executive benefit plans and programs, slated for large-privately held companies.

                In this value exchange, InsMark enters the $160+ billion executive benefits’ nonqualified deferred compensation (NQDC) market for the first time; EBS gains a new and robust distribution channel for its products and services. EBS will provide plan design, funding, administration and consulting services for such benefits as NQDC plans, supplemental executive retirement plans, phantom stock and performance plans, and more.

                “EBS offers InsMark a turnkey solution to executive benefits at a level of credibility and expertise sought by our producers for some time. Now, our producer-clients will be even better positioned to serve their clients’ broader needs with high-quality resources and benefit programs previously unavailable to them,” says        Donnelly L. Prehn, CLU, ChFC, Board Member and Senior Adviser, InsMark, Inc.

                William L. MacDonald, Managing Director of EBS, says “By InsMark opening its prized distribution channel to EBS on an exclusive basis, we can now reach a coast-to-coast insurance market and make a difference in the lives of thousands more executives and their families planning for retirement.”

 

Executive benefit programs address the corporate challenge to recruit, reward and retain key executive talent; these programs enable highly compensated executives to meet retirement needs by raising the savings ceiling placed on qualified plans by legislation. Further, individual life insurance policies, annuity contracts, or both, often fulfill the funding requirement for executive benefit plans.

About EBS

EBS delivers independent executive benefits consulting by providing total plan management services to mid- and major-market companies on behalf of key executive talent. From plan design, funding, and benefit security to administration, education, and enrollment, EBS managing directors have served 300 of the Fortune 500 companies. Based in Boston, MA, EBS maintains strategically located offices nationwide. www.executivebenefitsolutions.com            

About InsMark

Founded in 1983 by insurance leader, Robert B. Ritter, Jr., InsMark provides illustration software and related marketing services for the insurance and financial services industries. InsMark serves triple the number of client companies as its nearest competitor, with some 25,000 producers using its products, of which 15,000 actively subscribe to the service. InsMark’s national headquarters is in San Ramon, CA. www.insmark.com.

###

Media Contacts:

Company Name: ContentRunway
Full Name: Carolyn L. Smith
Phone: 16266959630
Email Address: Send Email
Website: www.executivebenefitsolutions.com

For the original news story, please visit https://pressreleasejet.com/news/insmark-and-executive-benefit-solutions-form-joint-venture-25000-insurance-producers-gain-access-to-large-company-executive-benefits-plans.html.

Powered by WPeMatico

The following two tabs change content below.
Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.