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
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 advisor go to the drawing board
to design a program for consideration. Check out our Learn More
section for further information.
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