Key Person Disability Insurance
Attract and Retain Key Employees by Protecting Their Most Valuable Asset - Their Income.
Most Key Employees at Most Companies are Severely Under-Protected in the Event of Disability Because:
- Commissions, bonuses, and other forms of incentive pay aren't usually covered under traditional group LTD (Long-Term Disability Insurance)
- Traditional group disability insurance typically only pays 60% of an employees' compensation, up to a specified maximum benefit, and that usually falls well short of the needs of highly paid professionals.
- If the group LTD is employer-paid, as it often is, then the benefits are taxable, bringing the maximum benefit payment down even further.