We all have special people in our lives that we care about and who depend on us.
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Life insurance is a powerful financial tool for business owners to provide for their family if tragedy strikes and they are no longer there to provide financially for their family.
Life insurance makes loans, lines of credit and mortgages disappear. Life insurance funds educations and provides income to pay family expenses.
Men and women buy life insurance because they value their role in being providers for their families. They take pride in knowing that in the event tragedy strikes they will have eliminated any financial burdens for their families and will have provided them with funds to have financial security in their absence.
Every business owner deserves to have at least $1,000,000 of key person life insurance coverage provided to them by their company.
It is this same pride of ownership that also makes an additional life insurance benefit for key employees so valuable in the eyes of key employees.
Life insurance is a benefit that when provided by a business owner to a key employee communicates, “I value the contribution you make to the company and I want to do something extra for you and your family”.
In exchange employers typically benefit by having an even greater level of commitment, contribution and loyalty from their key employee.
Lifetime coverage with fixed guaranteed rates
In addition to traditional term life insurance that provides a fixed coverage amount, such as $1,000,000, at a fixed rate for a fixed number of years such as 10 or 20 years, we offer life insurance that provides lifetime coverage at fixed guaranteed rates for a set payment period such as 15 years.
You can select a coverage amount up to $10,000,000. For example, if you were to select a coverage amount such as $2,000,000, you would have a fixed guaranteed rate payable for a maximum of 15 years. If you were to die during the first 15 years of the policy the policy would pay out the $2,000,000 tax free to your chosen beneficiary and no further payments would be required.
After 15 years of payments you would be finished paying with no further payments required while you continued to be covered for $2,000,000 for the rest of your life.
If you reach age 100 and are still living the $2,000,000 would be paid out to you at that time.
If you decide for some reason that after paying for the coverage for 15 years that you no longer want the coverage then you can surrender the policy for approximately 50% of the amount of premiums you have paid. After 25 years, even though no further payments were made after 15 years, you could surrender the policy for approximately 100% of the amount of premiums paid should you decide you no longer want the coverage.
Critical illness health insurance coverage
If you choose to you can add critical illness coverage for yourself, a family member, or key employee that will pay a lump sum benefit such as $1,000,000 in the event of a covered condition such as cancer, heart attack, stroke or numerous other serious health conditions.
The critical illness insurance coverage that we offer will provide you with a 100% refund of your premiums at a set point in time if you do not have a critical illness insurance claim. In other words, if for example you have $500,000 of critical illness coverage, you will either have a covered critical illness and collect $500,000 or you will not have a critical illness and will receive a 100% refund of your premiums.
Now is a great opportunity to get all of your life and health insurance coverage and records in order.
I am here to help. If you would like me to help you or if you have any questions just click here to online-book a brief introductory meeting or you can reach me directly at and on my cell at (403) 540-4644. I would welcome the opportunity to help you.
President – United Advisors
Exceptional Keyperson Benefits For Business Owners