Corporate Life Insurance

Key Man Life and Disability

If your business includes someone whose contribution is vital the short and long term viability of your business, then key person insurance should be a part of your business continuity and succession plan. This is especially true if you’re a small business owner.

If a key member of your company passes away or becomes disabled, your bottom line may suffer in the short-term, and over the long-term, you may have to find a replacement or even shut down your business. A Key Man policy can provide your company with the capitol to recover from an unpredictable tragedy.

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Disability Buy/Sell

When multiple principals share day-to-day business decisions, facing a disabling health condition can be both personally and operationally devastating.  With an ill owner or shareholder are unable to ever return to active duty and the partners are unable to perform the crucial task of reorienting their workflow—a buyout can be the simplest option.

Disability Buy/Sell insurance allows co-owners or shareholders of a company to purchase the business interests of a shareholder facing disabling health issues.  The insurance provides the financial funding to purchase the existing shareholders position in the tax efficient manner. This eliminates the financial concern of not having the cash on hand to purchase the shares.

Business Succession

Too often entrepreneurs spend years building a business and come to an agreement with a partner or family member over succession, but fail to make plans to finance the succession. That is where life insurance plays an important role. By insuring the head of a small business corporation or each senior partner, a small business can weather the death of a partner and ensure succession follows the course intended by the entrepreneur.

At Matthews and Mann, we will work with you to help identify, plan and implement a complete strategy to ensure continuation of your business in the future.

Shareholder and Partnership Agreement Planning

No business plan is complete without a shareholder or partnership agreement containing provisions that allow for the transfer of ownership interests upon retirement, disability, death or disagreement. We believe that life insurance is the most efficient means of providing buy/sell funding on the death of a shareholder or partner

Matthews & Mann extensive expertise in insurance and business structure can help you navigate the complexities of multiple-partner buy/sell agreements.  We can evaluate your business and find the approach that works best for your enterprise.

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Business Overhead Expense Insurance

Your business depends on your ability to generate income to help pay the bills. In the event of a long illness or injury, your absence would impact the bottom line.

At Matthews and Mann, we believe Business Overhead Expense (BOE) Insurance is the efficient solution to protect your company from risk. In the event that a partner or owner becomes disabled and is unable to work, BOE is designed to help businesses pay ongoing fixed expenses such as salaries, rent, property taxes and utilities.

Call or email us to learn more.