Laffie Financial Group

Private Services

For over 30 years, the Laffie Financial Group’s passion has been providing personal attention and professional guidance to help individuals and families make the right choice for their life insurance needs

Protecting
Your Family
Tax Reduction
Strategies
Life
Insurance
Disability
Income Insurance
Long-Term
Care Planning
Variable & Fixed
Income Annuities
Estate
Preservation

Protecting Your Family

Life can change at any given moment. Without proper protection planning, even the best laid financial plans can be derailed due to an illness, accident or death of a loved one. Whether it is the unexpected death of a spouse, the inability to earn an income due to an accident or illness, or the high costs of hiring an aid for additional care for a parent, a well-designed insurance program can protect your family from a financial burden that could devastate a family’s assets. Planning may not only help reduce premiums, but will provide the comfort and confidence for years of financial security.

Tax Reduction Strategies

Whether you’re concerned about current income taxes or federal and state estate taxes upon your death, there are strategies you can implement today to help reduce the tax burden. This could be through charitable gifting, making lifetime gifts, deferring taxes through life insurance or annuities, or with generation skipping transfer tax planning.

Life Insurance

Life insurance is an important part of a family’s estate plan and protects the people you care about most. In the unfortunate circumstance that you are not there to provide for your family, life insurance can. However, life insurance can be more than just protection. It can be the foundation of a stable financial plan.

The insurance marketplace is constantly changing regarding the products offered, the pricing of products, as well as underwriting criteria. Each insurance carrier classifies risk differently in terms of medical issues, financials, and lifestyle. We study these trends in order to find the most suitable carrier and product for each client’s coverage needs.

Disability Income Insurance

Whether it’s supporting your daily living expenses or funding your retirement savings, your ability to earn an income is critical. Disability income insurance is often the most overlooked insurance product, yet statistically the most important coverage in protecting your family. Individual disability income insurance will help replace a portion of your income and provide financial protection if you become disabled and unable to work for an extended period of time.

Long-Term Care Planning

As health care costs continue to rise, a long-term illness can have a devastating effect on your savings. Long-term care planning delivers financial resources that help cover the cost of care for assistance in the activities of daily living that you may need in the future. The experienced LFG team can help determine if a long-term care strategy makes sense for your financial goals, as well as help build and design a policy that works for your budget.

Variable & Fixed Income Annuities

Annuities are not for everyone; however, they can play a vital role to defer taxation of nonqualified assets as well as provide a lifetime of guaranteed income. In today’s world of modern medicine and rapid technological advances in healthcare, people are living longer. The need for retirement income can last well beyond the traditional planning of 20 years. Annuities are insurance products that can provide a guaranteed income stream for life, as well as a protection of principal, depending upon the product and carrier. The experienced LFG team will help you navigate the pros and cons of each annuity contract to ensure an annuity makes sense for your financial goals and objectives.

Estate Preservation

A comprehensive estate plan is the key to effective asset preservation for today and well into the future. Typical estate planning issues include estate tax and income tax minimization, wealth transfer planning, long-term care and nursing home planning, special needs and disability planning, and probate avoidance. By carefully tailoring an estate plan that addresses your unique needs, you can protect your assets, provide for your family and establish a legacy.

Corporate Services

Laffie Financial Group works closely with you and your firm’s Group Benefits Director to review your existing employee benefit programs to ensure the plans are competitive and meeting the needs of your firm as well as of your employees.

Business Owner Planning
Group Employee Benefit Programs

Buy-Sell Strategies
Key Person Insurance
Executive Bonus Plan

Buy-Sell Strategies

A buy-sell plan provides a written agreement between multiple owners of a business that outlines instructions on how to split the interest of the business in the event of a death or disability of an owner. When using life insurance with a buy-sell agreement, either the company or the individual co-owners purchase life insurance policies on the lives of each co-owner. When one owner passes away, the surviving policy owners receive the death benefits from the policies. That money is then paid to the deceased owner’s family members as payment for their interest in the business.

Key Person Insurance

Key person insurance can provide life and disability insurance on specific key employees, typically the founders, owners, or important executives – the people who are crucial to the company’s success. This type of planning requires the business to buy an insurance policy on the key person with the business being the owner and beneficiary of that policy.

Executive Bonus Plan

An executive bonus plan (Section 162) is a way for business owners or companies to provide additional supplemental benefits to key employees or company executives of their choice. The benefits usually include life insurance policy death benefits as well as cash value accumulations that can be used as a retirement income supplement. With an executive bonus plan, the business can use tax deductible company funds to selectively provide valued benefits to key people. An executive benefit plan, used effectively, can be a valuable tool to attract and retain key executives.

Attracting and retaining quality employees is not just about competitive salaries and career advancement potential. Employees are seeking employer benefit packages that will suit their financial and medical needs as well. The Laffie Financial Group works closely with you and your firms’ Group Benefits Director to review your existing employee benefit programs to ensure the plans are competitive and meeting the needs of your firm, as well as of your employees.
We have partnered with the area’s leading group benefit providers to design, develop and implement a program that is tailored to your business objectives. LFG thrives on providing up-to-date market information, competitive product pricing and reliable customer service.

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Our Team

Our team of experienced insurance professionals is skilled at finding the most appropriate products to meet our clients’ unique and specific needs. We are extremely knowledgeable about current and emerging financial products, and we always take the time to educate our clients on all of their insurance options.

Fredric Laffie

PARTNER

Fred Laffie, senior partner and founder of the Laffie Financial Group, has over 30 years of insurance and estate planning experience. Prior to founding LFG, Fred was a practicing CPA with two large public accounting firms. Throughout his career, Fred has received several industry accolades; he has achieved membership in the industry’s prestigious Million Dollar Round Table each and every year since 1990 and has been acknowledged at its highest level, the Top of the Table for the last 20 years.

Scott Laffie

PARTNER

Scott Laffie joined Laffie Financial Group as a partner in 2008. In 2011, Scott earned his Certified Financial Planner® designation upon meeting the rigorous education, examination, experience and ethic requirements. Prior to joining the Laffie Financial Group, Scott worked in public accounting providing tailored financial guidance to clients.

Scott Kohen

PARTNER

Scott Kohen is a partner at the Laffie Financial Group, and has been working in financial services since 2007. As an advisor, his primary focus is estate and insurance planning for individuals, families and business owners. Prior to joining LFG, Scott managed his own advisory office with Edward Jones Investments and was a Regional Consultant for Alliance Bernstein in New York City.

Jeannette Bernardo

OFFICE MANAGER

Jeannette Bernardo has been with the firm since its founding in 1989. As Office Manager, she oversees all aspects of the Laffie Financial Group operations to ensure that all clients’ experiences are professional, efficient and complete. With over 20 years of experience in sales and customer service, she provides knowledgeable support to our clients on all levels of the insurance process.

Marcia Fisher

CLIENT SERVICE MANAGER

Marcia Fisher joined the team in 1998 on an administrative level. During her time working here she has honed her skills in customer support, specifically excelling in her understanding of existing insurance specifications and maintenance. She also possesses extensive knowledge in producing sales illustrations featuring products to match our clients' variety of needs. Prior to joining the Laffie Financial Group, Marcia worked in the medical field as an administrator in the tumor registry, laboratory and pathology departments.

Susan Page

GROUP BENEFITS ADMINISTRATOR

Susan Page joined the team in 2007 with over 15 years of experience in group health insurance administration. Sue oversees and assists with the day to day operations for over 350 of our clients' group insurance plans which include major medical, life, dental and vision.

Angelica Villanueva

NEW BUSINESS COORDINATOR

Angelica Villanueva joined the team in 2021. As The Laffie Financial Group’s New Business Coordinator, she facilitates all life insurance, disability insurance, and long term care case processing from start to finish. Her extensive background in financial services with office management and customer service skills will ensure a positive and pleasant experience for all of our valued clients and business partners.

Laffie
Financial Group

Our Mission