Specialized planning for owners, CEOs and other highly compensated individuals.
Typical Group Life and Disability insurance usually only cover a fraction of a key executive’s high income. Key Person Life and Disability Insurance is tailored for such key personnel whose continuation in a business is crucial to its success. Polices can be customized to wrap around the group plan and protects the executive’s family and the business in the event of a sudden critical illness or death. Plans may be structured to avoid taxation of benefits at the time of claim.