Key Employee Coverage
In every business, there are employees who are particularly critical to its success. They may have unique skills or knowledge. Or they may play a key role in business strategy. They may have important contacts. Who are those individuals in your company? And what happens to your business if the unthinkable happens?
There could be a significant financial impact. But you can help cushion that blow by purchasing insurance coverage for those key employees. The business pays the premiums and is the beneficiary of the policy.
There are other benefits to key employee coverage:
- While the policy is active, the business has access to the cash value.
- Creditors look favorably upon businesses that protect their interests.
- As the beneficiary, your business receives funds that can be used to train a replacement.
- Death proceeds are income tax free.
OneAmerica companies design the solution that meets your needs.
