Things Happen. Protect Your Key People and Your Business When They Do.
A strong benefit offering includes special coverage for your inner circle of key people – the people who are critical to the company’s success. When a company’s business relies on the success of it’s key personnel, it could be in jeopardy should one of them become disabled or pass away unexpectedly. And, because traditional group insurance only covers a fraction of a key executive’s high income, a key person life or disability policy will adequately protect you, your key people and their families from loss, should the unexpected happen.
When you purchase Key Person Life Insurance, your business is typically responsible for the premiums, as it is also the beneficiary. The value of your business (as established through financial records) will help to determine the benefit level and premium amounts.
A Business Overhead Disability policy prevents a business from going under while the business owner or top manager is unable to work and run the business when they become disabled. These types of policies will typically pay for things like employee salaries, rent and utilities, among other expenses.
Also, known as Continuation Agreements, Buy-Sell Agreements are tied to life insurance policies and set terms for the transfer of business upon a certain triggering event–usually death, disability and retirement of a key partner or owner.
We simplify the process of insuring your key people
Understanding and qualifying for Key Person Life & Disability Insurance can be complicated, as it does not work like traditional insurance. We work with many top specialty insurers, many of which are long-standing partnerships, and can help match you with the best carrier for you and your key people’s needs.
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