NU Online News Service, July 9, 11:21 a.m. – The Manufacturers Life Insurance Company, Boston, a unit of Manulife Financial Corp., Toronto, has added new software tools for illustrating buy-sell arrangements to its business succession planning kit.
The new MLI Solutions Business Planning kit buy-sell module helps advisors illustrate use of several types of buy-sell arrangements. The module also helps with the task of valuing a small business.
Other kit components include modules for explaining supplemental executive retirement plans, deferred compensation plans, split-dollar arrangements, executive bonus plans, and restrictive endorsement bonus arrangements.
Each module comes with PowerPoint presentations and other resources advisors can use to close sales, Manulife says.