Disability Insurance Business Owners
Paycheck Income Protection for business owners with Disability Insurance coverage plans
"If you Need your Income, You Need to Insure it."
Disability Insurance (DI) planning for Business Owners is the ability to continue to receive your salary during illness or injury.
A business with multiple owners / partners is especially at risk in the event of an long term illness and the need to continue the paycheck of the partner and family members. The disability of one owner ( a key employee ) affects not just the disabled owner (and family) but also affects the health owner (and family). The funding vehicle for the salary continuation plan is a disability insurance policy for payments until age 65 and a written plan for the business will define the future of ownership. A partnership or a corporation should protection all parties including key employees with a disability income protection insurance policy.
A Personal and Family Income Maintenance Plan: If the Business Owner can not work and run the business because of illness, injury or disability a income protection plan is needed. Income can be derived from AR and Savings for a short term solution (up to 6 months), but the long term solution is a personal disability income protection insurance plan. These plans are used for sole ownership, partnerships and small business corporations. It is unfair to the business to continue to support an owner and his family in the event of a long term disability and it will be evident in the books of the business.
Complete our contact form and we can discuss your business income needs:
A business with multiple owners / partners is especially at risk in the event of an long term illness and the need to continue the paycheck of the partner and family members. The disability of one owner ( a key employee ) affects not just the disabled owner (and family) but also affects the health owner (and family). The funding vehicle for the salary continuation plan is a disability insurance policy for payments until age 65 and a written plan for the business will define the future of ownership. A partnership or a corporation should protection all parties including key employees with a disability income protection insurance policy.
A Personal and Family Income Maintenance Plan: If the Business Owner can not work and run the business because of illness, injury or disability a income protection plan is needed. Income can be derived from AR and Savings for a short term solution (up to 6 months), but the long term solution is a personal disability income protection insurance plan. These plans are used for sole ownership, partnerships and small business corporations. It is unfair to the business to continue to support an owner and his family in the event of a long term disability and it will be evident in the books of the business.
Complete our contact form and we can discuss your business income needs:
