Corporate Insurance

Corporate Insurance

We can provide your company with protection from unforeseen circumstances, including:

Key Person Insurance

Key Person Insurance is coverage that protects your business in the event of the untimely death of a business owner or key employee. The business pays for the policy and it is also the beneficiary. The life insurance proceeds could be used to help offset the financial loss that can occur in the event of the death of a key employee. This coverage offers peace of mind to business owners and can be a deciding factor in the continuance of the company after the loss of the key person.

Executive Bonus Plans

With an executive bonus plan, a company purchases and pays for a life insurance policy for selected employees. The premiums are tax-deductible for the employer while the employee owns the policy and has control over the cash value and the beneficiary. These plans are easy to implement and maintain and are an excellent and affordable way to reward employees whose work helps make your business profitable.

Buy/Sell Agreement Funding

Owners of closely-held businesses should have a buy-sell agreement in place and it is regarded as the foundation of any business succession plan. BenefitsHAWAII can help your company insure a smooth transition to future owners with life insurance or disability insurance that can be used to fund the buy/sell agreement.