Protect Legacy and Family
Estate Planning
In the construction and steel industries, your business is more than a livelihood, it's a legacy built with sweat, risk, and resilience. But what happens to that legacy when you're no longer around to lead it?
At New York Life, we understand the unique challenges that owners and executives in construction and steel face when it comes to succession and wealth transfer. With tight margins, fluctuating cash flow, and large capital assets, your estate plan must be just as strong and intentional as the structures you build.
Our estate planning services are tailored to:
Preserve Your Business Legacy: Whether your goal is to pass your company on to the next generation, prepare for a business sale, or protect your partners and employees, we help you create a succession strategy that minimizes tax exposure and maximizes stability.
Protect Your Family’s Financial Future: We ensure your personal estate and loved ones are safeguarded with strategies that provide liquidity, eliminate debt burdens, and secure long-term wealth.
Coordinate Personal & Business Assets: Many construction owners blend personal and business finances. We create clarity and structure around ownership, beneficiary planning, and asset distribution so everything transitions smoothly.
Plan for the Unexpected: Through tools like life insurance, trusts, and buy-sell agreements, we make sure your wishes are honored—whether you're here to oversee them or not.
With decades of experience and the partnership of Eagle Strategies for wealth management and financial protection of New York Life, we offer construction professionals peace of mind knowing their hard-earned legacy will endure.
Let’s build a future that lasts, together.
Ensure smooth ownership transition
Buy-Sell Agreements
In the construction and steel industries, partnerships are built on trust, grit, and a shared vision. But what happens if one of the owners unexpectedly passes away, becomes disabled, or wants to exit the business? Without a plan, the company’s future, and your financial stake, could be at serious risk.
A well-structured buy-sell agreement is not just a legal document; it’s a vital part of protecting your business, your family, and your legacy.
At Taylor'd Financial, we help construction and steel companies design and fund buy-sell agreements that are clear, enforceable, and financially sound.
Our solutions focus on:
Continuity & Control: We help ensure the business remains in the hands of active owners by pre-defining who can buy an ownership stake, under what conditions, and at what price, eliminating uncertainty and conflict.
Fair Market Valuation: Construction firms often own large equipment, real estate, or have backlog contracts. We work with your legal and accounting teams to establish a fair and realistic company valuation, whether you're planning a buyout now or 10 years from now.
Funding the Agreement: The most well-written agreement fails without proper funding. We use tailored life and disability insurance solutions to guarantee that cash is available exactly when it’s needed, so that a surviving partner or the business itself can buy out an owner’s share quickly and without financial strain.
Protecting Your Family & Partners: A buy-sell agreement gives your family liquidity and clarity during a difficult time, and it gives your business partners the ability to move forward with stability and confidence.
Whether you run a family-owned steel fabrication shop or a multi-partner construction firm, our buy-sell strategies are designed to secure your hard work and provide peace of mind for all stakeholders.
Let’s put the right structure in place today, so your business is protected no matter what tomorrow brings.
Guard against key talent loss
Key Person
In construction and steel, success often hinges on a few key individuals, whether it's the estimator who knows every bid inside out, the foreman who runs crews like clockwork, or the owner who holds critical relationships with vendors and clients.
Losing one of these key people, due to death, disability, or early departure, can grind operations to a halt, delay projects, and cost your company valuable contracts. That’s where key person planning comes in.
At Taylor'd Financial, we help construction and steel businesses identify their most vital team members and implement protection strategies that keep your company strong, even in the face of unexpected loss.
Our key person planning includes:
Identifying Critical Personnel: We work with you to evaluate which individuals are vital to revenue, operations, and long-term stability, whether they’re owners, executives, project managers, or technical experts.
Customized Insurance Solutions: We provide life and disability insurance coverage for key people, creating a financial safety net for the company. These funds can help cover hiring costs, project delays, lost revenue, and reassure lenders or bonding agents during times of transition.
Business Continuity Support: We help integrate key person protection into your larger business continuity and succession plans, so you're not just reacting to emergencies, you’re prepared for them.
Retention and Incentive Strategies: Key person planning can also be used as a tool to retain top talent. Through executive bonus plans and deferred compensation, you can reward your key employees while protecting your business.
You’ve built your company on skilled people and smart decisions, key person planning helps protect both.
Let’s secure the talent your business depends on, so no single loss can threaten what you’ve built.
Retain and reward leaders
Executive Benefits
Attracting and retaining top-tier talent in the construction and steel industries isn't easy. Skilled leaders, whether it's project executives, CFOs, or senior estimators, are in high demand, and losing them can impact everything from margins to project timelines.
Executive benefit planning helps you stay competitive by offering high-value compensation strategies that reward loyalty, drive performance, and support long-term retention, all while being cost-efficient for your business.
At Taylor'd Financial, we specialize in helping construction and steel companies build custom executive benefit packages that protect the business and reward the people who make it work.
Our executive benefit solutions include:
Supplemental Retirement Plans: Many high-earning executives in your field face limitations with traditional retirement plans. We help you implement non-qualified deferred compensation (NQDC) and other supplemental plans to close the gap.
Executive Bonus Plans (Section 162 Plans): These plans allow you to provide key employees with life insurance or other benefits, while giving your business potential tax advantages. They’re flexible, easy to implement, and can be customized to align with performance or tenure.
Golden Handcuffs Strategies: Want to keep your most valuable leaders from jumping to a competitor? We structure benefits that vest over time, encouraging long-term commitment and aligning their goals with your company’s success.
Key Executive Life & Disability Coverage: Protect your investment in your leadership team with tailored coverage that provides financial stability in case of an unexpected loss.
In industries where leadership stability is crucial and competition for top talent is fierce, smart executive benefits can give you a powerful edge.
Let’s build benefit strategies that reward your leaders and reinforce your company's future, brick by brick, beam by beam.
Support and retain workforce
Group Benefits
Your crews work hard, on job sites, in fabrication shops, and behind the scenes keeping operations running. In an industry where skilled labor is in high demand and turnover can be costly, offering strong group benefits isn’t just the right thing to do, it’s a smart business decision.
At Taylor'd Financial, we help construction and steel companies design competitive, affordable group benefits packages that support your team, attract new talent, and create a culture of loyalty and security.
Our group benefit offerings include:
Group Life Insurance: Show your employees, and their families, that you value them beyond the job site. Group life coverage can provide affordable, guaranteed protection to all levels of your workforce.
Group Disability Insurance: Construction and steel work are physically demanding. Our short- and long-term disability plans help protect your workers' income if injury or illness keeps them off the job, giving them peace of mind and you fewer disruptions.
Dental, Vision, and Supplemental Coverage: We help you layer in additional benefits that matter to your workforce, offering flexible options that can be employer-paid, voluntary, or a mix of both.
Turnkey Enrollment & Education Support: From bilingual materials (based on availability) to on-site enrollment assistance, we make the process seamless, so your employees understand and appreciate the value of what you’re offering.
Customization for Union and Non-Union Workforces: We work with companies of all sizes, whether you're running a merit shop or working under collective bargaining agreements, to build benefit solutions that align with your workforce structure and budget.
Health Insurance: Whether it’s a job site injury or a routine check-up, access to quality healthcare matters. We help you offer dependable health insurance options that fit your budget, support your employees’ well-being, and keep your team strong and focused.
401(k) Retirement Plans: Your team puts in the hard work today, help them build security for tomorrow. We design 401(k) solutions that are easy to manage, meet regulatory standards, and help attract and retain top talent by investing in their long-term future.
In an industry where loyalty is earned and retention is key, the right group benefits plan can set you apart from the competition, and protect the people who help build your success every day.
Let’s put the right coverage in place for your team, because when you take care of your people, they take care of your business.
