Preserve the value of your business.
Planning for the unexpected can protect your business—and everyone who depends on it—when sudden challenges arise. Have you thought about the loss your business would experience if you were to lose your top talent?
What would happen to your business if:
- An owner or key employee became too sick or hurt to work?
- An owner or key employee died unexpectedly?
- An owner or key employee exited the business with minimal notice?
Key person insurance
Key person replacement disability insurance
Key person replacement disability insurance provides funds for recruitment, training, temporary staffing costs, and other needs after a total disability claim.
Key person life insurance
Key person life insurance policies generally pay an income-tax-free
ESOP repurchase plans
ESOP repurchase plans use life insurance to provide necessary liquidity for meeting the repurchase obligations of an employee stock ownership plan (ESOP).
Overhead expense insurance
Overhead expense (OE) insurance provides reimbursement to cover immediate overhead costs if a business owner becomes too sick or hurt to work.
Talk with a financial professional
If the loss of a key employee or owner would create a financial challenge that puts the business at risk, talk to your financial professional about solution options. Don’t have one? We can help.Find a financial professional