Deferring Captive Premiums
Channel: Risk Management Advisors
Date: 2022-02-03

What happens when a captive owner doesn't want to pay premiums for a year? In today's video, we walk through some options you might have. 

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ABOUT JARID BECK
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Jarid is a Managing Director and Co-Founder of Risk Management Advisors. He is a career specialist in the design, implementation and management of alternative risk management (ARM) strategies including self insured plans and captive insurance companies. Jarid has diverse insurance background which allows him to deliver technical insurance solutions to clients in a wide variety of industries including construction, real estate, staffing, manufacturing, trucking and finance.

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ABOUT MAX JONG 
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Max Jong has been a Director at Risk Management Advisors since 2007. Since graduating from UCLA in 1994, he has been helping high net worth families and business owners with estate planning, tax deductible qualified and non-qualified plans as well as alternative tax reduction strategies.

Max is recognized through his experience working in a traditional planning environment that there was a glaring need in the marketplace for creative options for high net worth families.

After retaining Risk Management Advisors to help a few of his clients with alternative risk management solutions, he decided to merge his practice and join the firm.

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ABOUT WES SIERK 
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Wesley is the President and Co-Founder of Risk Management Advisors.  He is a nationally recognized expert in the field of captive insurance company design, implementation, risk transfer and captive insurance company management. He also oversees Risk Management Advisors’ asset protection, executive compensation, and corporate benefit planning division. 
 
Wesley has close to 18 years helping highly profitable, closely held businesses limit their risk exposure and taxes through captive insurance company planning, qualified plan structures, onshore and off-shore entities, and trust arrangements. He works with client’s advisors (CPAs, Attorneys, and Financial Advisors) to insure proper due diligence and implementation of all plan designs and needs. Because of his extensive tax background, he ensures compliance with all of the existing revenue rulings and regulations. 

He is the author of Taken Captive: The Secret to Capturing Your Piece of America’s Multi – Billion Dollar Insurance Industry. He is also the author of You Can Make It, But Can You Keep It? a book to teach the wealthy how to hold on much of their hard earned assets. In addition, he has authored many articles including “Facing Down High Insurance Premiums” in Builders Exchange, and “Captive Insurance Companies: They can Lower Costs and Increase Profits” from the Journal of Construction Accounting and Taxation.