Buy Sell Insurance
The sudden disability of a partner can be more detrimental than a sudden death. In some cases, the disabled partner continues to earn a salary, but does not contribute to the company. Buy Sell disability insurance is designed to mirror the requirements of the buy sell agreement.
Buy Sell Plus Insurance
In the months preceding a disability buy-sell, a financial drain can occur on an organization while the disabled principal is unable to work. This plan provides security with a monthly cash flow delivered to the firm, which can be used to assist the firm with their cash flow.
Overhead Expense Insurance
Provides coverage to prevent financial hardship in case of disability. This coverage provides vital reimbursement for the monthly liabilities in which the owner is responsible, such as utilities, property, malpractice insurance and other expenses in case of their total or partial disablement.
Key Person Insurance
Key Person Disability Insurance provides protection against the loss of cash flow and the usual increase in cost when an employee key to the businesses success becomes disabled. Benefit options of monthly benefits or lump sum benefits are available.
Buy In Insurance
Buy In Disability Insurance offers coverage for a young professional or key employees in many occupations buying into ownership of a company. This plan supplements your current income if you or the established owner becomes disabled during the Buy In.
Contract Guarantee Insurance
Contract Guarantee Disability Insurance provides financial protection for employment contracts, performance agreements and consulting contracts between a company and an employee, business partners, or divorces couples in case of disability to either party.
When the termination of an employee places a benefits liability on the employer. Severance Agreement coverage allows the severed employee to be insured during the period of unemployment which relieves the employer of the financial liability created by such an arrangement.
Salary Continuation Insurance
Salary Continuation Disability Insurance allows a company to continue paying according to their salary continuation plan in case of a disability to the employee and still protecting the company from taking a huge financial loss in their books.
Loan Indemnification Insurance
Used for bank loans when the borrower is required to purchase a disability insurance in case of injury or sickness to ensure payments on the loan are still made. Optional coverage available for Residual Disability and Flexible Interest Rate.