Protect your high-earning, valuable key executives and your business.
Typical Group Life and Disability insurance offered to employees usually only cover a fraction of a key executive’s high income. Providing a customized benefit package to wrap around the group plan for key executives not only protects the executive and his/her family, but also the business in the event of a sudden critical illness or death. Executive benefits can include supplemental life insurance and/or carve out disability, and plans may be structured to avoid taxation of benefits at the time of claim.
Following are some more specific examples of Key-Person Executive Benefits.