Protect Your Business Against the Loss of a Key Contributor
If a key member of your team was to become totally disabled, your bottom line may suffer in the short-term and over the long-term you may have to find a replacement. Because key employees have unique knowledge and skills, replacement could be difficult and expensive.
You may have to pay a recruiter to find someone with suitable skills. One or more areas of your business may have to be put on hold, both during the search and while you train a replacement. Even if you are able to promote someone internally, you may still lose revenue while the replacement gets up to speed.
That's why we offer Key Person Disability Insurance. For help in structuring the coverage that best suits your business, consult your advisor or contact us today.
Details of Key Person Disability Insurance:
Your plan cannot be cancelled until the insured person reaches 62 or terminates full-time employment with your business, for reasons other than Total Disability.
The minimum benefit payable is $2,500 per month for 12 months, with a maximum of $15,000 per month for 12 months.
Benefits can start after 60 or 90 days of Total Disability.
Coverage may be available for purchase for persons aged 18 - 55.
Choose the insurance that best suits your business
Consult with your advisor or contact us for more information or for assistance in structuring Key Person Disability Insurance for your business.
