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Financial Management: Disability Insurance
Disability insurance is important for business owners as the ability to maintain the business or transfer ownership of the company during an extended disability is critical.
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What is disability insurance?
Disability insurance can provide benefits should a business owner become too sick or hurt to work.
How is disability insurance used?
Disability insurance can be used to help keep the business up and running or to provide multiple owners with a buy-out option in the event of a disability.
What are the benefits of disability insurance?
Disability insurance is a critical component of any company's long-term financial strategy. Should a disability occur to an owner, a disability insurance policy can provide funding to cover ongoing overhead expenses or funds to purchase an owner's interest in the business.
What are the different types of disability insurance products that can help meet the financial management needs of your organization?
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Buy-Sell
Primarily designed for partnerships, this product provides funds for the purchase of the insured’s share of ownership in the event he/she is totally disabled.
Prefer to speak to someone about disability insurance?
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Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001 and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company, 100 Bright Meadow Boulevard, Enfield, CT 06082.
CRN201208-138918
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