State of New Jersey

Notary Public Commission: 

Notary Public (Active)


State of New Jersey Department of Banking and Insurance Licensed Producer: Title, Life, Health 


Annuity Terms

Annuity - An annuity is a contract with an insurance company. The insurance company promises to pay you income on a regular basis for a period of time you choose—including the rest of your life.


Fixed Index Annuity -  A type of fixed annuity that earns interest based on changes

in a market index, which measures how the market performs. The interest rate

is guaranteed to never be less than zero, even if the market goes down.



Title Insurance Terms

Title - The evidence of right which a person has to the ownership and possession of land. Commonly considered as a history of rights. 


Owner's Title Policy -  A policy of title insurance, which insures a named owner against loss by reason of defects, liens and encumbrances not excepted to in the policy or unmarketability of the title. The company also agrees to defend covered claims made against the title.





*The opinions expressed on this website are strictly those of Malleo Financial Services, LLC and not those of any of our affiliates.


*Malleo Financial Services LLC cannot and

will not give any tax or legal advice.



Retaining a Key Employee

  • How much of a loss would your business suffer if a key employee left and joined a major competitor?
  •  Do you have a strategy in place to retain a key employee?


Felix owns a highly successful business consulting company. Felix’s son, Leonard, has been working in the business for about to 8 years, and Felix plans on turning over the business to Leonard within the next 4 years. However, he’s worried that his top salesman, Oscar, may not like working for Leonard.


Felix decides to implement a “Golden Handcuff” executive bonus plan. The company agrees to fund a $750,000 personally owned Indexed Universal Life insurance policy on the life of Oscar. The plan requires the company to pay a premium of $13,000 per year, provided that Oscar meets certain performance targets. The agreement also includes a vesting schedule, which will restrict Oscar’s access to the policy cash value. Once Leonard takes over ownership of the company, Oscar will most likely be very motivated to stay with the company or else forfeit a significant portion of the cash values in the life insurance policy.



For a free consultation, please contact us for an appointment.



 *This blog is strictly the opinion of Michael A. Malleo and not those of

ASH Brokerage Corp., nor any of our affiliates.


Malleo Financial Services LLC cannot and will not give any specific tax or legal advice.

Please consult your tax professional or legal professional for such advice.