Employer Coverage and Products
Owning and operating an organization is an inherently difficult endeavor that can increase exposure and financial risk. That said, many of the risks are easily mitigated and reduced with appropriate products and services specifically catered to meet your needs. AIC has over 60 years of experience providing solutions to companies across the United States and will help you provide effective and practical solutions for any budget.
AIC & Associates will help you make difficult decisions that directly benefit your organization. After fully assessing your organization’s needs and exposure, AIC will provide you with a number of solutions and products that will reduce your risk and actively increase financial success and growth.
With minimal investment you’ll not only reduce your organization’s exposure but increase your peace of mind as well.
Employer Coverage and Products:
- Key-Person Insurance
Key-Person insurance is needed if the sudden loss of a key employee or executive would have a large negative effect on the company’s operations. The payout provided from the death of the key-person essentially buys the company time to find a new person or to implement other strategies to save the organization
- Buy/Sell Agreement (Life)
A Buy and Sell Agreement is an approach used by sole proprietorships, partnerships, and closed corporations to divide the organization share or interest of a proprietor, partner, or shareholder. The Buy and Sell Agreement requires that the organization share is sold according to a predetermined formula to the company or the remaining members of the organization. In the event of a death, the proceeds from the life insurance policy are used to purchase a portion of the deceased’s organization interest. Ensure the longevity of your organization with creative solutions like a Buy and Sell Agreement.
