Executive Life and Disability Insurance
As a business owner, you do everything possible to keep your company profitable and productive. Are you protecting the assets that are most valuable and critical to your company’s success—yourself, your partners, and your employees? Executive life insurance and disability insurance are essential to protecting your bottom line. Should an owner, partner or key employee become unable to work, this insurance plan is there to ensure that your business continues to operate without interruption should it lose one (or more) of its key members.
Key Person Disability or Life Insurance allows the employer to insure the key individuals in the company with the employer as the beneficiary of the policies. Proceeds from the policies can be used to hire and train a replacement employee, as well as to make up for lost business during the transition. A Business Overhead Expense (BOE) disability insurance policy reimburses business owners for existing overhead expenses incurred while they are disabled; this keeps the company operating smoothly while the owner recovers.