Key Employee Coverage

Do you have an employee you truly can’t live without? For example, does “Bob” hold the “secret recipe” to your “special sauce?” Of course this is an over-simplified example, but it brings an important concept to light: anticipating the loss of a truly valuable employee.

If your business is dependent upon the expertise or knowledge of a particular person in your company, you should also consider obtaining “Key Person” protection. This type of plan helps to compensate a business for financial losses due to the death or long term disability of a key person. Remember, key employees aren’t necessarily just the management team. You may have key people you depend on to sell to specific clients, or who have other special skills and duties that no one else in your company currently performs.

Would it be business-as-usual without YOUR “secret recipe” holder? If the answer is no, then contact our office today to find out more about obtaining key employee insurance for your most important asset - your staff.

Longer Life Spans Means Planning For Long Term Care

We’re so lucky to be living in a time period where the average American life expectancy is about 75 years for men and 84 for women. In fact, did you know that if you were living in Ancient Greece, you’d be lucky to hit 20 years old?

Americans are living longer and healthier, thanks to better diet, better medical care and safer environments. By 2030, those in need of a Long Term Care Facility (a Nursing Home or Assisted Living Center) will be an estimated 23 million Americans. Unfortunately Long Term Care is not cheap… and Medicare will only pay for a short time under specific, limited circumstances.

Estimates state that everyone has a 70% chance of needing Long Term Care in their lifetime. Why not start planning now? To learn more about obtaining Long Term Care Insurance, please call us today at 330-334-1561 or 800-334-1561.