Dacs Financial

Better Business Benefits

Group Retirement 401k

Posted on February - 17 - 2010 - Wednesday

Just as our many health coverage options enable you, the employer, to care for your employees physically, our 401k product allows you to take care of them financially as well. You can provide your employees with 401k plans that are short on confusion and long on employer and employee control of their savings goals.

Plans include features such as:

  • Loans and hardship withdrawals available
  • On-line investment management
  • 24-hour phone access for account information
  • Changes to contribution levels can be made any time
  • Investment option can be changed daily

Vision Coverage

Posted on February - 17 - 2010 - Wednesday

All companies have a vision. Help your employees realize your vision for great employee benefits by offering vision coverage. Dacs Financial does the work; your employees see the results!
Did you know that, vision care is always rated at or near the top of the list of benefits most desired. Two-thirds of employees believe that eye exams and eyeglasses should be part of their employee benefits. Many employees would be willing to trade a vacation day for vision coverage. Sixty percent would trade two days of vacation! So, let us help you offer your employees vision coverage that can include:

  • Flexible plan design to answer the unique needs of the customer and plan participants
  • Materials-only programs to complement HMO and PPO plans
  • Provider clustering capabilities to permit tailored networks
  • Voluntary plans available

Group Life/Disability Plans

Posted on February - 17 - 2010 - Wednesday

We will help you craft a flexible insurance offering that may include the following options:

  • Basic Term Life Insurance
  • Optional Term Life Insurance
  • Dependent Term Life Insurance
  • Business Travel Accident Insurance
  • Accidental Death & Dismemberment (AD&D) Insurance
  • Group Universal Life (GUL) Insurance
  • Short Term Disability (STD) Insurance
  • Long Term Disability (LTD) Insurance
  • Integrated Disability Management (IDM)
  • Long Term Care Insurance

Dental Insurance

Posted on February - 17 - 2010 - Wednesday

Employers realize that their employees want more than just medical coverage. Extensive research indicates that a comprehensive benefits package is a crucial factor in recruiting and retaining employees. Get your employees’ attention by providing dental coverage . We offer an extensive range of flexible dental coverage from the finest carriers.

Plans from our carriers include:

  • A choice of cash deductibles, calendar-year benefit maximums and coinsurance amounts
  • A number of options that allow for enriched benefits or cost savings
  • An extensive national Preferred Provider Organization network
  • Optional orthodontia coverage
  • An automated claim system that promotes fast, accurate claims adjudication and payment.

Health Insurance

Posted on February - 17 - 2010 - Wednesday

Without a doubt, medical coverage is the cornerstone of an effective employee benefits package. Knowing this, Dacs Financial is pleased offer medical coverage options from carriers that people know and trust.
You can offer your employees a range of scalable coverage options including, Self Funded Programs. Self Funded Programs will be especially attractive to smaller businesses who want to offer a competitive benefits program and still keep costs down.

Self Funded plans may include:

  • An extensive national Preferred Provider Organization (PPO) network
  • A high level of employee choice – employees can self-refer to any provider, including specialists
  • Utilization review services, such as pre-treatment review and pre-admission testing, to help ensure that medical treatments are appropriate and necessary
  • Recommendations on the most efficient and effective use of benefit dollars
  • Flexible plan designs with a choice of deductible, co-payment and coinsurance amounts
  • Optional prescription drug card plans and wellness benefits

Life Insurance

Posted on February - 17 - 2010 - Wednesday

Life insurance is the cornerstone of any insurance package and not surprisingly, there is an extensive array of coverage types on the market today. The challenge for any individual is finding the right one for them. This becomes all the more challenging as the “baby boomer” generation moves ever closer to retirement, it is more important than ever to be able to effectively meet the insurance needs of this customer segment. Dacs Financial can effectively help you meet your unique needs with the following product offerings:

Term Life

This policy provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term. While most any term is available Dacs Financial has chosen to focus on 10, 15, 20, and 30 year terms. We have these terms to be most useful to policyholders. Term life is a great no frills insurance value. Let Dacs Finanical help you choose Term Life options for all your clients.

Universal Life

In contrast to Term Life insurance, Universal Life insurance provides a powerful, flexible insurance and investment product. With this policy the holder can maintain coverage at any age. This is sure to appeal to the large market of elder consumers. Additionally policyholders can build cash value – a feature that will appeal to all consumers.

The cash value accrued is usually a portion of the premium. Premiums are adjustable and typically increase as the policyholder ages. Policyholders are provided the flexibility of varying, within limits, the amount and timing of premium payments and the death benefits. These changes can be made while the policy is in effect. These features are especially appealing to the ‘hands on’ consumer.

The cash value portion earns interest at a rate that is typically determined by the insurer. To cover the reasonable increased risks of the holder dieing, the premiums increases. If premiums are not completely paid, the insurer makes deductions from the cash value portion of the policy.

The Cash Value portion of the policy is not guaranteed, but it is possible the cash value in a universal life insurance policy could outpace than the cost of insurance. In the event of such favorable circumstances, the policyholder typically has a choice as to how these funds are handled:

  • Allow the funds to remain in the policy and accumulate interest. Taxes are avoided until the policyholder realizes the cash value. Additionally, future premiums may be reduced
  • Funds can be cashed out. The funds are then treated as taxable income and lower the policy’s cash value.
  • Universal Life’s lack of an age limit coupled with its flexibility and the potential to earn cash value make it extremely appealing to all consumers.

Whole Life

While insurance is typically considered a rather conservative area of money management, there is still room both for risk taking consumers as well as fiscally conservative consumers. While Universal Life does not guarantee cash value, Whole Life offers the appealing and tangible benefit of guaranteed cash value. Whole Life will certainly appeal to those consumers who like the safety and certainty of a sure thing. The low risk of Whole Life is reflected in its higher premiums.

The appeal of Whole Life is further enhanced by the fact that this policy never has to be renewed or converted. So, no matter what happens to the policyholder, their premiums will not change. The benefits of
Whole Life insurance include:

  • Premium levels do not increase with age
  • Level death benefit up to age 100
  • Guaranteed value
  • Relatively high degree of safety

Disability Insurance

Posted on February - 17 - 2010 - Wednesday

Your lifestyle

When you’re healthy and working, it’s hard to imagine being disabled by illness or injury. But it can happen. In fact:

  • One in 3 working Americans will become disabled for 90 days or more before age 65.
  • The average disability absence is 2 and a half years.
  • More than 80% of working Americans don’t have disability income insurance or aren’t covered adequately.

The chart below illustrates that an individual’s chances of disability are 2 to 3 times greater than death during their working years.

What would happen if your paychecks suddenly stopped because you were too sick or injured to work? What if you couldn’t work for months — or years?

You’d still have to pay all your monthly bills, including food, utilities, house and car payments. Add in things like tuition and retirement funding, and it’s easy to see how savings could quickly disappear.

Unfortunately, you can’t rely on other income sources like Social Security to protect you. In many cases, they don’t apply — or aren’t enough. For more information on other income sources, see below.

Think you’re already protected?
Plan ahead to help protect your lifestyle. Then relax.

DACS Financial can help you find a flexible Disability Income Insurance policy that:

  • Provide monthly income to help maintain your standard of living
  • Can be customized to fit your particular situation
  • Help you retain independence and dignity without burdening others
  • Help keep your financial dreams and goals for the future intact.

Think you’re already protected?
Think about this:

  • Social Security disability payments are limited to disabilities expected to last at least 12 months or end in death. To qualify, you must be unable to engage in any type of work.
  • Personal Savings can best be used to build a comfortable future. Add up your monthly bills, then multiply by 12 and you can see how fast even substantial savings can be depleted by unexpected illness or injury.
  • Long-Term Disability Insurance offered through your employer is a start. But workplace disability benefits often times cover only about 50% of your income. Can your family survive on half of a paycheck?

Here are the other reasons why Group Long-Term Disability (LTD) may not be enough:

  • Group LTD usually covers only a portion of an employee’s compensation
  • LTD benefits are generally taxable if the employer pays the premiums
  • Many plans don’t cover bonus or incentive compensation
  • There is often a maximum monthly cap and, as a result, an employee’s monthly after-tax income during a disability may drop by 50% or more!

Business Succession Planning

Posted on February - 17 - 2010 - Wednesday

We can helpy you plan for changes both expected and unexpected. Many individuals avoid thinking death or disability, so too, many business avoid thinking these same issues. However, an effective business continuation plan could leave your loved ones feeling wonderfully assured and comforted.

Plans may include:

  • Buy/Sell Agreements that set forth terms of sale for family-held stock to the remaining owners.
  • Solutions for handling the tax consequences of continuing a business.
  • Employee compensation plans that may help retain key employees.
  • Employee benefits and stock ownership plans designed to help your business stay in business.


About Us

Dacs Financial is a full-service brokerage firm that provides a vast array of products and services solely focused on the business owners and their employees.

Dacs Financial strives to be the one and only source that provides you and your employees with comprehensive employer and employee benefits.

With our many years of combined experience specializing in Group Health Insurance, Group Disability, Retirement, Estate Planning Strategies and Business Succession Strategies, we’re sure to be able to design a plan that will suit your needs.