What is Private Placement Life Insurance, and Who is it For?

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If you're diving into the world of wealth management, you might have come across the term "Private Placement Life Insurance" (PPLI). This unique financial tool is often mentioned in the same breath as sophisticated investment strategies and high-net-worth individuals. But what exactly is PPLI, and who is it designed for? Let's break it down.

Understanding Private Placement Life Insurance (PPLI)

At its core, PPLI is a type of life insurance policy that combines traditional life insurance benefits with investment opportunities. Unlike your standard life insurance policy, PPLI allows policyholders to allocate their premiums into various investment vehicles, such as hedge funds, private equity, and other alternative investments. This flexibility makes it an attractive option for those looking to grow their wealth while enjoying the tax advantages life insurance policies offer.

One of the key benefits of PPLI is its tax efficiency. The investments within the policy grow on a tax-deferred basis, meaning you don't pay taxes on the investment gains as long as they remain within the policy. Additionally, upon the policyholder's death, the beneficiaries receive the death benefit free of income tax. This combination of investment growth and tax advantages is a significant draw for high-net-worth individuals seeking to optimize their wealth.

Who is PPLI For?

PPLI is not for everyone. It's specifically tailored for individuals with substantial wealth who are looking for sophisticated ways to manage and grow their assets. Typically, the minimum net worth required to consider PPLI is around $5 million. This high threshold is due to the complexity and costs associated with these policies, including the need for specialized legal and financial advice to set up and manage them effectively.

Moreover, PPLI is best suited for those who are comfortable with the investment risks associated with alternative assets. Since the policyholder directs the investment choices within the policy, a deep understanding of these investments or access to experienced advisors is crucial.

Is PPLI Right for You?

If you meet the financial criteria and are looking for a way to combine life insurance with sophisticated investment strategies, PPLI might be worth exploring. It can offer significant tax benefits, flexibility in investment choices, and a strategic approach to wealth management. However, due to its complexity and the level of wealth required, it’s essential to consult with a financial advisor and CPA who can help you understand whether PPLI aligns with your financial goals and risk tolerance.

Disclaimer

Private Placement Life Insurance is a highly specialized financial product designed for specific individuals and circumstances. It requires a high level of financial sophistication and a substantial net worth, typically at least $5 million. Always consult with a qualified financial advisor to determine if PPLI is appropriate for your financial situation and goals.

In summary, PPLI offers a unique blend of life insurance and investment opportunities, tailored for those with significant wealth and a desire to maximize their financial strategies. If you fall into this category, it could be a valuable addition to your financial planning toolkit.

Understanding the Corporate Transparency Act: Shedding Light on Corporate Ownership

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Understanding the Corporate Transparency Act:

Shedding Light on Corporate Ownership

January 4, 2024

As part of the Anti-Money Laundering Act of 2020, the Corporate Transparency Act (CTA) went into effect on January 1, 2024. This new law requires most companies currently operating in the United States and most new companies created after January 1, 2024 to file Beneficial Ownership Information (BOI) reports in an online portal called FinCEN. Each existing business has until January 1, 2025 to file its first beneficial ownership information (BOI) report. Entities created in 2024 will have 90 days from the date of formation to file their initial BOI report. Entities created in 2025 or later will have 30 days from the date of formation to file their initial BOI report.

What is the Corporate Transparency Act?

Transparency in corporate ownership has long been a contentious issue, with the lack of information leading to concerns about money laundering, corruption, and illicit financial activities. In a significant stride toward addressing these concerns, the United States introduced the Corporate Transparency Act (CTA) to bring about greater clarity and disclosure in corporate structures. Its primary objective is to combat money laundering, terrorism financing, and other illicit activities by requiring certain corporations and limited liability companies (LLCs) to disclose information about their beneficial owners and controlling officers to the Financial Crimes Enforcement Network (FinCEN).

Key Provisions of the Corporate Transparency Act:

1. Beneficial Ownership Reporting: Companies falling within the scope of the CTA must disclose information about their beneficial owners. The term “beneficial owners” includes owners, senior officers, certain financial investors, and any others exercising control over the company. Companies will need to report the names, addresses, dates of birth, identification numbers, and copies of official identification for each of those individuals.

2. Enhanced Compliance Measures: Stricter compliance measures are in place, with hefty penalties for non-compliance or providing false information. The CTA provides for both civil and criminal penalties (up to $10,000 and two-years’ imprisonment) against a company for failing to report, willfully providing false information, failing to provide complete information, or failing to update information as required.

3. Access to Information: Law enforcement agencies, financial institutions, and federal agencies have access to the beneficial ownership information to conduct investigations and prevent financial crimes.

Who is Required to Comply?

Is your business the type of entity that needs to file a beneficial ownership information (BOI) report?

LLCs & corporations are required to file unless they qualify for an exemption. If you operate a partnership or another type of entity, please contact our firm to verify whether you are required to report.

Does your business qualify for an exemption?

The CTA lists 23 exemptions that may excuse a company from reporting. The majority of these exemptions are based upon the type of business—banks / credit unions, government entities, securities brokers, investment, venture capital, or insurance companies, accounting firms, public utilities, nonprofits, and subsidiaries of an exempt entity are all exempt from reporting. If you think your company may fall into one of these exempt categories, please contact our firm to verify whether you are required to report.

“Large operating companies” that meet the following criteria are exempt: (i) more than 20 full time employees in the US; (ii) an operating presence at a physical office in the U.S.; and (iii) filed a tax return for the previous year showing more than $5 million in gross receipts or sales from U.S. sources.“

“Inactive entities” that meet the following criteria are also exempt: (i) in existence on or before January 1, 2020; (ii) is not engaged in active business; (iii) is not owned by a foreign person; (iv) hasn’t changed owners in the last 12 months; (v) hasn’t sent or received funds in an amount greater than $1,000 in the last 12 months; and (vi) doesn’t hold any assets.

My business doesn’t qualify for an exemption. So what do I need to report?

Existing companies have from January 1, 2024 until January 1, 2025 to file their first beneficial ownership information (BOI) report. Entities created in 2024 will have 90 days from the date of formation to file their initial BOI report. Entities created in 2025 or later will have 30 days from the date of formation to file their initial BOI report. In short, you’ll need to report personal data about every individual who exercises control over the company.

The CTA says I need to report information about the “beneficial owners.” Who does that include?

Determining who needs to be included in the report can be complicated. The language used in the CTA makes it sound like only the owners of the company need to be included in the BOI report, but that is incorrect. Actually, the term “beneficial owner” used in the CTA includes all of the owners, the company’s senior officers, certain types of financial investors, and others as well. If you’re unsure who needs to be included, please contact our firm for help with that determination.

The CTA requires that the following persons be included:

1. every individual who owns 25% of your company’s ownership interests;

2. every individual who controls 25% of your company’s ownership interests—“control” can be direct or indirect and includes indirect influence through another company, a board, a trust, voting power, rights associated with financing, nominees, and control of intermediary entities, or any other contract, arrangement, or relationship;

3. every individual who substantially controls the company by serving as a senior officer, including any individual holding the position or exercising the authority of a president, chief financial officer, general counsel, chief executive officer, chief operating officer, or any other officer, regardless of official title, who performs a similar function;

4. every individual who has authority over: (i) the appointment or removal of any senior officer, or (ii) the appointment or removal of the majority of the board of directors (or similar body); and

5. every individual who directs, determines, or has substantial influence over important decisions made by the company, including influence over: the transfer of assets, reorganization of the company, major expenditures, incurrence of debt, business ventures, compensation or incentives for senior officers, signatory authority, company policies or procedures, or any other form of substantial control over the company.

I need to file a report. What do I do next?

1. Decide if you want to file the report with FinCEN yourself or if you want the assistance of a third party, such as our law firm.

2. Determine who needs to be included in the report. Remember that this includes all owners, removed owners, senior officers, and anyone else who exercises substantial control over the company. If you have any questions about who needs to be included, please contact our firm for assistance.

3. Contact each individual to tell them that the Corporate Transparency Act requires your company to report personal information about them to FinCEN. Tell them they have the option to provide the information to the company or to apply to FinCEN after January 1, 2024 for their own FinCEN Identifier.

1. If they elect to provide the information directly to you, you’ll need the individual’s: legal name, date of birth, residential address, identifying number and issuing jurisdiction from a driver’s license, passport, or other authorized document, and an image of that document.

2. If they elect to apply to FinCEN themselves, then they’ll need to provide you with their FinCEN Identifier.

Either way, make sure you have a secure system in place to store personal information.

4. After Jan. 1, 2024, register for a FinCEN account and work with your attorney and CPA to complete the BOI report in the FinCEN portal. Remember, the first report is due by January 1, 2025 for existing entities, within 90 days of formation for entities formed in 2024, and within 30 days of formation for entities formed in 2025 or later.

5. Implement a company policy and procedure to make sure the information you must report will be kept up to date. Both so that it is current when you file your initial report and so that you are able to file the updated reports whenever the formerly reported information has changed.

Don't wait until it's too late—contact the law firm Richards Brandt Miller Nelson today to discuss how we can assist you in complying with the Corporate Transparency Act.

Sincerely,

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Description automatically generatedRichards Brandt Miller Nelson

Steven H. Bergman Matthew C. Barneck Cathy Campbell Alexandria Westover

EBITDA: What It Is and Why Business Owners Should Care

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EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a measure of a company's profitability. It is calculated by taking a company's net income and adding back interest expense, taxes, depreciation, and amortization.

EBITDA is a popular measure of profitability because it is not affected by financing decisions or non-cash expenses. This makes it a useful measure for comparing the profitability of different companies, regardless of their capital structure or accounting methods.

Where did EBITDA come from?

The term EBITDA was first coined in the 1970s by investment bankers who were looking for a way to compare the profitability of different companies. EBITDA quickly became popular among investors because it was a more reliable measure of profitability than net income.

What is EBITDA?

EBITDA is calculated as follows:

EBITDA = Net Income + Interest Expense + Taxes + Depreciation + Amortization

Net income is the company's profit after all expenses have been paid. Interest expense is the amount of money that the company pays to its creditors. Taxes are the amount of money that the company owes to the government. Depreciation is the amount of money that the company sets aside to replace its assets. Amortization is the amount of money that the company sets aside to write off intangible assets, such as patents and goodwill.

How is EBITDA calculated?

EBITDA is calculated by adding back interest expense, taxes, depreciation, and amortization to a company's net income. This calculation is done because these expenses are not directly related to the company's core operations.

For example, interest expense is a cost of borrowing money, and taxes are a cost of doing business in a particular country. Depreciation and amortization are non-cash expenses that reflect the declining value of assets over time.

Why should a business owner understand how EBITDA works?

EBITDA is a useful measure of profitability for business owners because it provides a more accurate picture of the company's financial performance. Net income can be affected by financing decisions, such as the amount of debt that a company takes on. EBITDA is not affected by these decisions, so it provides a more accurate measure of the company's core profitability.

In addition, EBITDA is a useful measure for comparing the profitability of different companies. This is because EBITDA is not affected by accounting methods, so it provides a more consistent measure of profitability across different companies.

Conclusion:

EBITDA is a useful measure of profitability for business owners. It provides a more accurate picture of the company's financial performance and can be used to compare the profitability of different companies. Business owners should understand how EBITDA is calculated so that they can use it to make informed decisions about their business.

In addition to the benefits mentioned above, EBITDA can also be used to calculate other financial metrics, such as free cash flow and return on investment. EBITDA can also be used to value a company, as it is a measure of the company's underlying profitability.

If you are a business owner, you should understand how EBITDA works. It is a valuable tool that can help you to make informed decisions about your business.

Cross-Purchase Buy-Sell Agreements: A Must-Have for Business Owners

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A cross-purchase buy-sell agreement is a legal contract that outlines how the ownership of a business will be transferred in the event that one or more of the owners die, become disabled, or retire. This type of agreement is important for business owners because it can help to ensure that the business continues to operate smoothly even in the event of a major change in ownership.

What is a cross-purchase buy-sell agreement?

A cross-purchase buy-sell agreement is a type of buy-sell agreement in which the remaining owners of a business agree to purchase the ownership interests of any owner who dies, becomes disabled, or retires. This type of agreement is often used by small businesses with a small number of owners.

How does a cross-purchase buy-sell agreement work?

A cross-purchase buy-sell agreement typically specifies the following:

• The triggering event(s) that will cause the agreement to go into effect, such as death, disability, or retirement.

• The purchase price of the ownership interests that will be transferred.

• The method of payment for the ownership interests, such as cash, life insurance, or a combination of both.

• The terms of the agreement, such as the length of time that the agreement will be in effect.

Why is a cross-purchase buy-sell agreement important for business owners?

There are a number of reasons why a cross-purchase buy-sell agreement is important for business owners. These include:

• It can help to ensure the continuity of the business. If an owner dies, becomes disabled, or retires, the business can continue to operate smoothly by transferring the ownership interests to the remaining owners. This can help to avoid disruptions in the business and protect the interests of the employees, customers, and creditors.

• It can help to avoid disputes among the owners. If an owner dies, becomes disabled, or retires, there may be disagreements among the remaining owners about who should purchase the ownership interests. A cross-purchase buy-sell agreement can help to avoid these disputes by specifying in advance who will purchase the ownership interests and how much they will pay.

• It can provide tax benefits. In some cases, a cross-purchase buy-sell agreement can provide tax benefits for the owners. For example, the purchase of the ownership interests may be eligible for a step-up in basis, which can reduce the amount of capital gains tax that is owed.

Conclusion:

A cross-purchase buy-sell agreement is an important legal document for business owners. This type of agreement can help to ensure the continuity of the business, avoid disputes among the owners, and provide possible tax benefits. If you are a business owner, you should consider having a cross-purchase buy-sell agreement in place.

Additional thoughts:

In addition to the benefits mentioned above, a cross-purchase buy-sell agreement can also help to protect the value of the business. This is because the agreement will specify the purchase price of the ownership interests, which can help to ensure that the business is not sold for less than its fair market value.

Another benefit of a cross-purchase buy-sell agreement is that it can help to provide liquidity for the owners. This is because the owners will be able to sell their ownership interests to the remaining owners in the event of a triggering event. This can be especially important for owners who are nearing retirement or who need to raise cash for other purposes.

If you are a business owner, you should consult with an attorney to discuss whether a cross-purchase buy-sell agreement is right for you. An attorney can help you to understand the benefits and risks of this type of agreement and can help you to draft an agreement that meets your specific needs. Additionally, for any tax related questions, be sure to consult your CPA, or tax professional.

Disability Insurance: How it Works and Who Should Buy it

Disability insurance is a type of insurance that provides financial assistance to people who are unable to work due to an illness or injury. It can help replace lost income, pay for medical expenses, and cover other living expenses.

There are two main types of disability insurance: short-term disability insurance and long-term disability insurance. Short-term disability insurance typically covers you for a period of 3 to 6 months, while long-term disability insurance can cover you for a period of 2 to 10 years or more.

To qualify for disability insurance, you must be unable to work in your own occupation. This means that you cannot perform the duties of your job, even with some modifications. You must also be under the care of a doctor and be unable to work for a certain period of time, which is known as the elimination period.

The amount of money you receive from disability insurance depends on the type of policy you have and your level of coverage. Short-term disability insurance typically pays a percentage of your salary, while long-term disability insurance can pay a percentage of your salary or a fixed monthly amount.

There are a few things to keep in mind when considering disability insurance. First, the cost of disability insurance can be expensive. Second, you will need to be approved for coverage by the insurance company. Third, disability insurance does not cover all illnesses and injuries.

So, who should buy disability insurance? If you are a wage earner who relies on your income to pay your bills, then you should consider buying disability insurance. Disability insurance can provide you with peace of mind knowing that you will have financial assistance if you become unable to work.

Here are some additional tips for buying disability insurance:

• Compare quotes from different insurance companies.

• Make sure you understand the terms of the policy.

• Consider buying an inflation rider to protect your coverage from inflation.

• Buy disability insurance as soon as you can, while you are still healthy.

Disability insurance can be a valuable financial tool to protect your income in case of an illness or injury. If you are considering buying disability insurance, be sure to do your research and compare quotes from different insurance companies.

Here are some of the benefits of disability insurance:

• Replaces lost income

• Covers medical expenses

• Covers other living expenses

• Provides peace of mind

Here are some of the people who should consider buying disability insurance:

• Wage earners who rely on their income to pay their bills

• Self-employed people

• People with a high-paying job

• People with a young family

If you are unsure if disability insurance is right for you, talk to an insurance agent. They can help you assess your needs and find the right coverage for you.

Woodland Advisors, LLC voted as Best of SLC in the Life Insurance Category

FOR IMMEDIATE RELEASE

Salt Lake City, Utah – May 15, 2023 – Woodland Advisors, LLC, a leading provider of comprehensive life insurance solutions, is thrilled to announce their recent recognition as the Best of Salt Lake City (Best of SLC, https://bestofslc.com/ ) in the highly competitive Life Insurance category. This prestigious accolade is a testament to Woodland Advisors' unwavering commitment to excellence, innovative approach, and dedication to serving the community.

The Best of SLC Awards, presented by BestofSLC.com, celebrates businesses that consistently demonstrate outstanding performance, exceptional customer service, and industry-leading expertise in various sectors. Woodland Advisors, LLC emerged as the top choice in the Life Insurance category, surpassing numerous competitors, owing to their exceptional achievements and stellar reputation.

"We are incredibly honored to be recognized as the Best of Salt Lake City in the Life Insurance category for the second year in a row" said Jason Woodland, President of Woodland Advisors, LLC. "This award is a testament to the hard work and dedication of our team, who consistently go above and beyond to provide our clients with the highest level of service and customized life insurance solutions. We are grateful for the trust our clients have placed in us and for the opportunity to make a positive impact on their lives."

Woodland Advisors, LLC has distinguished itself by offering a comprehensive range of life insurance products tailored to meet the unique needs of individuals and families. Their team of highly experienced professionals provides personalized guidance, ensuring clients are equipped with the right policies to protect their financial futures and loved ones. With a commitment to transparency, integrity, and ongoing support, Woodland Advisors, LLC has built long-lasting relationships with their clients.

The Best of SLC Award serves as a testament to Woodland Advisors, LLC's unwavering dedication to delivering exceptional value and unmatched expertise in the life insurance industry. Their success can be attributed to a client-centric approach, continuous innovation, and a deep understanding of the ever-evolving insurance landscape.

For more information about Woodland Advisors, LLC and their comprehensive life insurance solutions, please visit www.woodlandadvisors.co.

About Woodland Advisors, LLC: Woodland Advisors, LLC is a leading provider of comprehensive life insurance solutions based in Salt Lake City, Utah. With a commitment to excellence, integrity, and personalized service, Woodland Advisors, LLC helps businesses, individuals and families safeguard their financial futures through tailor-made insurance policies.

Media Contact: Jason Woodland President, Woodland Advisors, LLC 740 E. 3900 S. Suite 202 Salt Lake City, Utah 801-347-3408

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Woodland Advisors, LLC Announces Move to New Office Space

FOR IMMEDIATE RELEASE

Woodland Advisors, LLC Announces Move to New Office Space in Millcreek, Utah

Millcreek, Utah - Woodland Advisors, LLC, a leading life insurance advisory firm, and WA Mentoring, a professional business coaching firm is pleased to announce its move to a new office space located at 740 East 3900 S Suite 202 Millcreek, Utah. The move represents the company's continued growth and commitment to providing superior life insurance advisory services and business coaching services to clients in the Salt Lake City and surrounding area.

The new office space provides an improved work environment for our life insurance and business experts and client services. With a more spacious layout, comfortable facilities, and state-of-the-art technology, the office is designed to enhance the client experience and streamline the firm's operations.

Commenting on the move, Jason Woodland, President of Woodland Advisors, LLC, said, "Our move to this new office space is a significant milestone for our firm. We are thrilled to have a more comfortable and functional workspace that will allow us to better serve our clients and expand our reach in the Salt Lake City area."

Woodland Advisors, LLC specializes in providing comprehensive life insurance advisory services to individuals, families, and businesses. With many years of experience, the firm has built a reputation for delivering personalized solutions that are tailored to each client's unique needs.

For more information about Woodland Advisors, LLC, WA Mentoring and their services, please visit www.woodlandadvisors.co or email Jason Woodland at jason@woodlandadvisors.co.

Contact: Jason Woodland, President Woodland Advisors, LLC 740 East 3900 S Suite 202 Millcreek, Utah jason@woodlandadvisors.co (801) 347-3408

Strategies for Small Businesses to Weather an Economic Downturn

A slowing economy can be a challenge for small businesses, but there are strategies that can help prepare for and navigate through difficult times. Here are some strategies that small business owners can put in place to prepare for a slowing economy:

1. Diversify Your Customer Base: Small businesses that rely on a few key customers or clients are more vulnerable to a slowing economy. Diversifying your customer base by targeting new industries or markets can help mitigate this risk. Look for opportunities to expand your products or services to new customers, both locally and internationally.

2. Control Costs: During a slowing economy, controlling costs is essential to maintaining profitability. Small business owners can look for ways to reduce expenses without sacrificing quality or service. This might include renegotiating contracts with suppliers, reducing inventory levels, or outsourcing non-core functions.

3. Increase Efficiency: Improving the efficiency of your operations can help you save time and money, and increase productivity. This might include investing in technology or automation, streamlining processes, or cross-training employees to perform multiple tasks.

4. Focus on Customer Service: During a slowing economy, retaining existing customers is critical. Focus on providing exceptional customer service, and look for ways to add value to your products or services. Building strong customer relationships can help you weather difficult economic times.

5. Evaluate Your Marketing Strategy: During a slowing economy, marketing becomes even more critical. Evaluate your marketing strategy and look for ways to increase visibility and attract new customers. This might include investing in targeted advertising, social media marketing, or content marketing.

6. Stay Agile: Small businesses that are agile and able to quickly adapt to changing market conditions are better positioned to survive and thrive during a slowing economy. Stay alert to changes in the market, and be prepared to pivot your strategy as needed.

7. Build a Cash Reserve: Building a cash reserve can help small businesses weather difficult economic times. Look for ways to increase cash flow and build up your savings. This might include negotiating better payment terms with customers or suppliers, or seeking out additional funding sources.

8. Seek Professional Advice: During a slowing economy, seeking out the advice of a professional can be invaluable. Consider consulting with a financial advisor, business coach, or mentor who can provide guidance and support as you navigate through difficult economic times.

In conclusion, preparing for a slowing economy requires a proactive approach. Small business owners can diversify their customer base, control costs, increase efficiency, focus on customer service, evaluate their marketing strategy, stay agile, build a cash reserve, and seek professional advice. By implementing these strategies, small businesses can weather difficult economic times and position themselves for long-term success.

Strategic Exit Planning: How to Ensure a Smooth Transition for Your Business

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As a business owner, it is essential to plan for the future, including an exit strategy. An exit plan outlines how the business will be transferred, sold, or liquidated, and it should be an integral part of the overall business plan. Here are some reasons why having an exit plan is important:

1. Maximizing Value: An exit plan can help business owners maximize the value of their business by identifying the key factors that impact its value. This includes factors such as revenue, profits, customer base, intellectual property, and market share. By addressing these factors and implementing strategies to enhance them, business owners can increase the value of their business and achieve a higher sale price.

2. Ensuring Business Continuity: A succession plan is a key component of an exit plan, and it outlines how the business will be managed and owned after the owner's departure. By having a plan in place, business owners can ensure that the business will continue to operate successfully and provide for employees and customers.

3. Managing Tax Implications: An exit plan can help business owners manage tax implications associated with a sale or transfer of the business. By understanding the tax implications and implementing tax planning strategies, business owners can minimize the tax burden and maximize their profits.

4. Facilitating a Smooth Transition: An exit plan can help facilitate a smooth transition of the business to new ownership or management. By outlining the steps involved in the transition, including the transfer of assets, employees, and customer relationships, business owners can minimize disruptions and ensure a successful transfer.

5. Providing Peace of Mind: Having an exit plan provides peace of mind for business owners by knowing that they have planned for the future and can achieve their personal and financial goals. This can include retirement planning, ensuring the financial security of their family, or pursuing other business opportunities.

In conclusion, an exit plan is a critical component of a successful business plan. It provides business owners with a roadmap for the future, helps to maximize the value of the business, ensures business continuity, manages tax implications, facilitates a smooth transition, and provides peace of mind. A comprehensive exit plan should include a succession plan, business valuations, tax planning strategies, and a clear roadmap for the transfer or sale of the business. By having an exit plan in place, business owners can ensure the long-term success of their business and achieve their personal and financial goals.

Woodland Advisors, LLC Nominated Again for "Best of SLC"

Photo Credit: Inbound Systems, and Best of SLC

FOR IMMEDIATE RELEASE

Woodland Advisors, LLC Nominated Again for Best of SLC Award in Salt Lake City, Utah for 2023

Salt Lake City, Utah - Woodland Advisors, LLC, a leading life insurance agency in Salt Lake City, is pleased to announce that it has been nominated again for the prestigious Best of SLC Award in Salt Lake City, Utah for 2023 in the life insurance category.

The Best of SLC Award is a coveted award that recognizes exceptional businesses in Salt Lake City that have demonstrated excellence in customer service, innovation, and leadership in their respective industries. The award is presented annually to businesses that have shown a commitment to excellence and have made a positive impact in their communities. There is a rigorous voting process that takes place where the community has a direct say regarding the award.

"We are thrilled to be nominated again for the Best of SLC Award," said Jason Woodland, President of Woodland Advisors, LLC. "This nomination is a testament to the hard work and dedication we put in for our clients, and we are committed to providing exceptional service and innovative solutions to our clients. We are proud to be recognized as a leading life insurance agency in Salt Lake City, and we remain committed to exceeding our clients' expectations."

Woodland Advisors, LLC is a full-service life insurance agency that offers a range of products and services to meet the diverse needs of its clients. With a vast background and experience in the life insurance industry, the agency provides customized solutions that help clients protect their families, businesses, and their assets.

Woodland Advisors, LLC was honored to win this award in 2022, and is again honored to be considered for this prestigious award in 2023 and looks forward to continuing to serve its clients in Salt Lake City and the surrounding areas.

For more information about Woodland Advisors, LLC, please visit their website at www.woodlandadvisors.co

To learn more about the Best of SLC award and process: please visit their website at: bestofslc.com

Media Contact: Jason Woodland, Woodland Advisors, LLC 740 East 3900 South Suite 202, Millcreek Utah 84107 jason@woodlandadvisors.co

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