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NGA NEWS: PRESS RELEASES

PRESS RELEASES

FOR IMMEDIATE RELEASE
Contact: Tonya Johnson, Sr. Manager Customer Service and Certification
tjohnson@glass.org

NGA ANNOUNCES NEW INSURANCE PROGRAM FOR MEMBERS

WASHINGTON, DC  (May 9, 2007) – The National Glass Association (NGA) is pleased to announce that effective immediately our Program Administrator—Intercorp, Inc.—is making available a very useful, innovative, and practical Life Insurance Program for NGA members.

“It does not get any better than this. After months of research, we are pleased to announce this uniquely structured tax-savings program that will help NGA members for years to come,” states Tonya Johnson, Sr. Manager Customer Service and Certification.

This program is exclusive to NGA members only under Section 79 of the IRS Code. Regulations and authority on Section 79 date back to the year 1979. The plan is national in scope and can work for NGA members in any geographic area. There is no minimum or maximum size business entity. The plan can be used for any type of entity other than a sole proprietorship and single member LLC.

This plan can be used to fund an individual’s personal estate needs, stock buyouts company buy/sell agreements, business planning such as key employee funding, and family trusts.

The plan helps a successful business provide the following benefits:

  • Life insurance funded by the business for each employee included in the plan.
  • Tax deductible payments by the employer (business) as an employee benefit expense.
  • Income tax free death benefit paid to employee’s named beneficiary.
  • Selectivity—as few as two employees may participate.
  • Asset protection from creditors.
  • Tax deferred asset growth.
  • Key person recruitment and retention.
  • Succession planning/business continuity.

For additional information on this unique plan, contact Intercorp at 800/640-7601, fax 717/721-3515; or info@intercorpinc.net, and ask for the NGA Section 79 Plan.



About NGA
Founded in 1948, the National Glass Association is the largest trade association representing the entire flat glass and auto glass industries. Based outside Washington, DC, NGA offers certification, education and training, and MyGlassClass.com—a state-of-the-art, online training resource. NGA publishes the leading trade magazines—Glass Magazine®, Window & Door®, AutoGlass™, and e-newsletters, e-glass weekly™ and WDweekly™. In addition, NGA serves the industry and general public with its Web sites: www.glass.org, www.GlassBuildAmerica.com, www.GlassMagazine.net, www.AutoGlassmagazine.net, www.WindowandDoor.net, and www.myautoglass.org. NGA also hosts the industry’s premier annual trade events: GlassBuild America®: The Glass, Window & Door Expo and the National Auto Glass Conference.