Key Person Insurance:
Key person insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business–the ones whose absence would sink the company.
Business Overhead Expense:
Business overhead expense (BOE) disability insurance, also known as Business Expense Insurance, pays the insured’s business overhead expenses if he or she becomes disabled. A BOE policy pays a monthly benefit based on actual expenses, not anticipated profits.
Buy–sell agreement, also known as a buyout agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business.
Executive Reward Benefits Program:
How to recruit, retain, and reward your best employees. Putting the emphasis on the intrinsic rewards which give employees a feeling of achievement and personal growth.
Deferred Compensation Plans:
Deferred compensation is an arrangement in which a portion of an employee’s income is paid out at a later date after which the income was earned. Examples of deferred compensation include pensions, retirement plans, and employee stock options.
An annuity is an insurance product that pays out income and can be used as part of a retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement. Retirement funding for business owners.
Critical Illness Insurance:
Critical illness cover pays a tax-free lump sum if you’re diagnosed with a defined critical illness during the policy term.
is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (benefit) in exchange for a premium, upon the death of an insured person.