“Anyone can do my job, but no one can be me,”
(Harvey Specter, SUITS, Season 5 – Mea Culpa)
We all know that one person who comes to mind when we think about our workplace -- that guiding force and valuable resource. That's your "Key Man". While there is no way to preserve the knowledge and investment this person represents, Key Man insurance can protect the business's operations from economic loss in the death of this key person!
Reach out to Loomis Insurance for more information about Key Man Life Insurance. We're here for you!
Term and Permanent Life Insurance with Employees in Mind
Your organization can create a non-qualified plan for your most valued employees using permanent life insurance. These plans can supplement your employee’s future retirement as well as provide important benefits in the event of death.
The employer's contribution can be subject to a vesting schedule. Such a schedule can create an incentive for employee loyalty.
In current Human Resources trends for recruiting and retaining employees, most new hires are looking for important benefits to take care of their families. Benefit packages carry weight in making career decisions for most people. Be sure your business is a front runner in offering life insurance as a part of a competitive benefits package.
Life is full of unpredictable moments – a scary medical diagnosis, a sudden injury from an auto accident, and even COVID-19 can take a toll on our health. It is important to offer both Short and Long-Term Disability coverage to equip your employees with options for physical and economic recovery after hard times. Your business is worth the investment!