Key Man

Good employees are hard to come by and are key to creating and sustaining a successful business. Do not make the mistake that is common among employers and take their loyalty for granted or else you may find them leaving to start with a new employer who has wooed them away by offering them more attractive employment benefits such as a comprehensive group benefit package or key person disability or critical illness protection.

There are several issues that need to be considered with respect to key employees to protect both the business, and the employee and their family from their unexpected death or disability.

Life insurance can protect the company so that time can be bought to headhunt for a replacement and living benefits can protect the company as well. Some plans can also be multipurpose, where they provide a benefit to the company and a simultaneous benefit to the employee or the employee's family.

Spend the appropriate time with your advisor to understand the concerns and need. Then let the advisors at Deverall, Calma & Associates go to the drawing board to design a program for consideration.

Send us an email or request a quote today.