Smaller and medium-sized businesses often depend heavily on the contributions of a few key personnel to maintain their stability and viability. Corporate life and disability insurance will assist your company in dealing with the premature death or disability of such an individual in your organization. Flewwelling Insurance Brokers will take all the time needed to thoroughly assess your needs in this area and ensure your complete satisfaction with a corporate life insurance policy before you invest in it.

In order to serve you better in this area, we have expanded our Life and Financial Planning Division into a Full Financial Services brokerage. Heading our new division is Sean Hart, who brings with him 15 years of experience in insurance and financial planning.

The general types of corporate life and disability insurance types available are as follows:

Critical Illness Insurance –Advances in medical science have increased the chances of surviving critical illnesses such as cancer, stroke, or heart attack. Nevertheless, the business consequences of a key individuals’ critical illness can be problematic. This insurance provides financial assistance to companies affected by a critical illness. Business owners can help ensure the continuation of their business by using the tax-free lump sum payment provided to replace a key-person or fund a buy-sell agreement in the event that they or a partner become unable to work for an extended period due to a critical illness.

Funding of Buy-Sell Agreements – We can develop a plan to fund your corporate Buy/Sell Agreement in the event of the death or disability of one or more partners.

Funding of Capital Gains Tax Liability – Most successful business owners manage to create a capital gains tax “time bomb” which can be triggered the moment they die suddenly. This potentially significant liability can be inexpensively funded through a life insurance policy.

Key Man Coverage – The sudden death of a key employee can leave your company struggling financially. Life insurance is a cost-effective hedge against such a loss that may help your business survive a difficult time.