Business Owners: Have You Considered Split Dollar Critical Illness?

Split dollar critical illness

Split Dollar or Shared Ownership refers to a concept where more than one party owns an interest in an insurance policy.  The most common of these arrangements is where the corporation is the owner and beneficiary of the death benefit and the shareholder and an employee owns the cash value of the policy. What is Split Dollar Critical Illness? Recently … Read More

Critical Illness – Are You and Your Business Protected?

critical illness insurance

Why a Doctor Invented Critical Illness Insurance Critical Illness insurance was invented by Dr. Marius Barnard. Marius assisted his brother Dr. Christiaan Barnard in performing the first successful heart transplant in 1967 in South Africa. Through his years of dealing with cardiac patients, Marius observed that those patients that were better able to deal with the financial stress of their … Read More

Why is Key Person Insurance So Important to your Business?

key person insurance

A Risk Your Business Can’t Afford To Make Most business owners understand that assets vital to the success of the enterprise should be insured.  Premises are routinely covered for fire and/or theft; vehicles used to make deliveries, insured; machinery needed for manufacturing, also insured. Given that these tangible assets are instrumental in the success of the business, it makes good … Read More