They give you quotes. We give you guidance. Big difference.

Executive / Key Person Benefits

When a key employee gets sick, disabled, or unexpectedly passes away, the cost to your business can be massive—lost revenue, relationships, intellectual capital, and stability. That’s where executive benefits come in. Whether it's life insurance, disability coverage, or compensation planning, we help protect your business from the financial fallout of losing top talent.

What’s the Right Setup?

Let’s take disability insurance as an example. Here are a few questions that help guide the right setup:

  • Who pays the premiums? Employer-paid plans are often eligible for guaranteed issue (no medical underwriting), while voluntary plans require each employee to qualify medically. A shared-cost (payroll deduction) model often strikes the right balance.
  • Who is covered? All employees? Executives only? Different tiers for different roles? We’ll help define the classes and structure the plans accordingly.
  • What type of coverage? Group LTD is cheaper but has tighter rules. Individual plans are stronger, more flexible, and often pay more. A hybrid (group LTD + individual for key employees) is the most common approach—and smart.

Key Person Life Insurance

Key person life insurance allows the company to be named as the beneficiary if something happens to a crucial employee. This isn’t just about emotional loss—it’s financial survival. Many lenders now require key man coverage to protect lines of credit or partnership value.

We can structure life insurance to protect ownership, provide business continuation, or reward key employees. Most importantly, many of today’s policies include chronic care riders that allow the insured to access up to 6% of the face amount monthly if they need long-term care—triple what many competitors offer.

Qualified Sick Pay Plans (QSPP)

Thinking about self-funding short- or long-term disability? You’ll need a formal QSPP and must account for future liability per FASB 112. If that sounds like a headache, it often is—which is why many companies now transfer this risk to an insurance carrier. We’ll help you compare the options so you can protect your balance sheet while staying compliant.

Why Work With Us?

Unlike brokers who default to the same carrier for both short- and long-term disability (which can cost you in claim offsets and missed discounts), we take a smarter approach. We use short-term disability carriers that don’t offset against other income—which means your employees can get more at claim time. And by placing long-term disability separately, we can often get you a 20% discount on those premiums. More for the employee, less for you. Win-win.

Ready to get started? Check out our Bill Audit program or request a consultation today. We’ll walk you through every option and build a protection plan that makes sense—on paper and in real life.