Russ Singer, MBA, CFP®

CONNECT

Address:

1255 Treat Boulevard, Suite 400
Walnut Creek, CA 94597

Phone:

(925) 949-7427

Fax/Other:

(925)-296-0214

Preparing to Withstand the Loss of Key Players

For the most part, the odds of dying young are fairly remote. The probability that people between the ages of 30 and 60 will live to age 65 ranges from about 85% to 95%, depending on gender and age.1 But have you considered that the odds of one out of any two people dying before 65 are significantly higher? For a two-owner business in which both owners are 45 years old, there's a 20% to 24% chance that one won't make it to 65.2

Furthermore, the chances of suffering a disability are more than double the risk of early death.3

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Your company may depend heavily on the knowledge and skills of a few key executives or employees whose disability or premature death could endanger the company's future. In fact, the risk is real enough that you may want to consider a key-person insurance policy.

Key-person life insurance can help offset the financial consequences resulting from the death of someone upon whom the company relies for success. I