Business Owners, Managers, Executives
For most small and mid-sized firms (and many large ones) the issue isn't whether…
"My firm will pay me during my disability."
The important question that needs to be asked is…
"Can my firm survive in my absence long enough to make the income payments?"
Ask yourself the question…who among my employees has the talents, drive, skill-sets, management expertise, credit line and desire to keep my business afloat and pay my family its salary during a long-term disability * -- guaranteed? Did it suddenly get very quiet in the room?
If that person does exist, why are you working? Let's insure this Key-Person now!
As demonstrated above, you are your business. Your unique talents, vision and expertise are evident.
But what would happen to your business and your family income if you walked away for 3-months? 6-months? A year?
When did you last take a 3-month vacation? Why not?
Business Owners routinely insure their business property and assets against loss, but too often fail to insure the one asset that makes it all possible. Your most important asset is your ability to produce an income. If you owned the goose that layed the golden eggs, which would you insure, the goose or the eggs?
While you're still healthy and working (and for pennies on the dollar) you may be able to transfer some of the income risk from your firm's shoulders to the reserves of an insurer.
To learn how your firm may avoid costly tax traps when paying wages to a disabled employee (including owner, family member and valued key employees) and legally deduct those wages, see IRC Section 105 Qualified Sick Pay Plans and Two Minutes On Section 105 Qualified Sick Pay Plans.
Other Business Owner, Manager, Executive programs include:
Personal Disability Income Retirement Protection Critical Illness Insurance
Guaranteed Standard Issue Disability Income (Minimum of only 10-lives!) Long Term Care
Disability Overhead Expense Disability Income Protecting Business Loans/Leases Disability Buy-Sell
Employee Voluntary Purchase Disability Executive Bonus Executive Carve-Out
Group Life, STD, LTD Personally Owned Life Insurance Endorsement Split Dollar Life
412(e)(3) Retirement Plans
Business Owners, Managers and Executives are also encouraged to visit:
Female Business Owners, Managers, Executives & Firms with Female Employees
Human Resource Managers
Menu of Available Insurance Programs
