Synergy Financial Group, Inc.

Synergy Financial Group, Inc.

  • 310 North Ave E
  • Cranford, New Jersey
  • 7016

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Description

? With assets of $47.6 billion at March 31, 2014, New York Community Bancorp, Inc. is the holding company for New York Community Bank , a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Florida, Ohio, and Arizona; and New York Commercial Bank , a New York State-chartered commercial bank serving consumers and businesses in the New York City boroughs of Manhattan, Queens, and Brooklyn, and the counties of Nassau, Suffolk, and Westchester – all in New York.

The premiums you pay for key employee life insurance are not a tax-deductible business expense for federal income tax purposes, since your business is the recipient of the benefits. Prior to August 16, 2006, the death benefits your company receives as the beneficiary of the policy aren’t considered to be taxable income. But for policies issued after August 16, 2006, proceeds from a life insurance policy insuring the life of an employee and payable to the employer-policy owner may be subject to income tax, unless an exception applies.

Permanent insurance policies provide protection for your entire life, provided you pay the premium to keep the policy in force. Premium payments are greater than necessary to provide the life insurance benefit in the early years of the policy, so that a reserve can be accumulated to make up the shortfall in premiums necessary to provide the insurance in the later years. Should the policy owner discontinue the policy, this reserve, known as the cash value, is returned to the policy owner.

? Saving money makes sound financial sense. But how you save- and what you save for- is a uniquely personal decision. We offer you a full range of CD products, as well as a host of value-added services, so you're sure to find the right plan to meet your needs.

?Cash Management provides your business with solutions that allow you to perform your banking needs at anytime and from anywhere you have access to the Internet.

Products & services

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