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We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
Whether a small or large business owner, you, your family, partners and employees are at risk if you or other key people suffer an illness, injury, disability or death. The business may experience loss of sales and competitive edge, loss of confidence of suppliers, and expend a large amount of money and time to find a replacement.
A well-conceived benefit program that includes key-person insurance will protect you, your family and your business, as well as help you attract and retain key people.
A well-conceived benefit program that includes key-person insurance will protect you, your family and your business, as well as help you attract and retain key people.
Our team of certified benefit specialists, financial consultants and life underwriters can help determine your needs and advise on the best key person insurance solutions for your needs. Click the tabs below to learn more about these benefits.
Key Person Life Insurance protects your business if one of the main partners passes away unexpectedly, and helps to minimize financial loss. Your business is typically responsible for the premiums, as it is also the beneficiary. The value of your business (as established through financial records) will help to determine the benefit level and premium amounts.
A Business Overhead Disability policy prevents businesses from going under from regular overhead expenses while the business owner is unable to work and run the business due to disability. These types of policies will typically pay for things like employee salaries, rent and utilities, among other expenses.
Buy-Sell Agreements protect a business after the death of a key employee. Also, known as Continuation Agreements, they are tied to and funded by life insurance policies. The agreement sets out the details of the transfer of business interest by the key-person (or his/her estate) upon a certain triggering event–usually death, disability and retirement. The surviving or continuing business owner or partner can rest assured knowing that they will be able to purchase the key-person share without interference from other survivors of the key person and his/her estate.
Key Person Life Insurance protects your business if one of the main partners passes away unexpectedly, and helps to minimize financial loss. Your business is typically responsible for the premiums, as it is also the beneficiary. The value of your business (as established through financial records) will help to determine the benefit level and premium amounts.
A Business Overhead Disability policy prevents businesses from going under from regular overhead expenses while the business owner is unable to work and run the business due to disability. These types of policies will typically pay for things like employee salaries, rent and utilities, among other expenses.
Buy-Sell Agreements protect a business after the death of a key employee. Also, known as Continuation Agreements, they are tied to and funded by life insurance policies. The agreement sets out the details of the transfer of business interest by the key-person (or his/her estate) upon a certain triggering event–usually death, disability and retirement. The surviving or continuing business owner or partner can rest assured knowing that they will be able to purchase the key-person share without interference from other survivors of the key person and his/her estate.
Take care of the people that matter most with solutions designed around you.
Security First Benefits Corporation
2357 Stonebridge Dr.
Flint, MI 48532
Let’s chat about our dedicated employee benefit and compliance advisory services, in addition to value-add administration and HR tools.
Traditional group life and disability insurance has significant limitations for key executives, like being capped or not considering variable pay (like bonus, commissions, stock options, etc.).
When the death or disability of a key employee could lead to a significant loss of revenue for the business or a disruption in operations and customer service, key person benefits can provide insurance proceeds to help your business continue, in addition to adequately protecting key people and their families from loss as well.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Other Important Disclaimers: Security First Benefits Corporation is a licensed health insurance agent authorized to market Medicare Insurance Plans. This is a solicitation for insurance. Please note a sales agent may call as a result of your inquiry for a quote. The benefit information provided herein is a brief summary, not a comprehensive description of benefits. For more information contact the plan. Limitations, copayments, and restrictions may apply. Please note you have no guarantee issue.
Security First Benefits Corporation is not part of the Federal Medicare System.
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