Contact Us
Murray, Schoen & Homer Inc.
71 North Avenue
New Rochelle, NY 10801
Tel: 914-632-8989
Fax: 914-632-9170
email MSH
How to Insure a Valuable Employee
What can happen in your company if a key employee dies?
You may suffer a loss in sales.
You may suffer a halt to projects.
You may suffer a halt to credit extended by important creditors or clients.
You may suffer a loss of momentum.
You may incur additional costs to recruit and train a replacement.
How do I insure my business against the death of a key employee?
You can purchase life insurance for the key employee using corporate dollars. Your company will receive several benefits that include:
funds available for the recruitment and hiring of a replacement employee;
an income tax free source of cash to help offset lost profits; and,
a means to assure customers and creditors that business will continue with as little disruption as possible.
What if I insure my key employee and the employee lives until retirement?
While the key person works for you, the life insurance can still be valuable. The cash value life insurance can provide a reserve fund of non-taxable cash; it can reinforce your businesses' credit worthiness; and, it can strengthen your key employee’s loyalty. At retirement it can be used to create or supplement a retirement income. For a basic outline about implementing a plan, see Key Life Insurance-The Basics.
Independent insurance brokers providing personalized financial planning and insurance services including homeowners insurance, business insurance, professional liability and group medical benefits. Murray, Schoen & Homer Inc is a New York State licensed insurance agency located in New Rochelle, NY and serves the surrounding Westchester County communities including Larchmont, Mamaroneck, Mt. Vernon, Harrison, Eastchester and Pelham, New York.
As a licensed entity in the State of New York we want to notify you that this is not an offer to sell insurance or an
advertisement of insurance anywhere except the State of New York, United States of America.