Taking Care of Business

Advanced business planning can assist you in answering the tough questions associated with recruiting, retaining or replacing key employees who are critical to the success of a business. Cincinnati Life has a wide array of life insurance and annuity products to meet your business planning needs.

TABLE OF CONTENTS

Key-Employee Protection

Executive Benefits

Business Continuation

Disability Protection

Business Overhead Expense Protection

Employee Benefits

Key-Employee Protection

Employees add considerable value to every business. What would happen if you unexpectedly lost a key employee?

Key-employee life insurance coverage protects your business. It can provide the capital needed to find, hire and train a new employee. It can cover the economic impact your business encounters with the loss of an essential employee.

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Executive Benefits

When faced with the challenges of today’s job market, your potential executives often base career and employer choices on the benefits packages available. A high-quality, well-planned executive benefits package can help you attract, retain and reward key employees.

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Business Continuation

Your business continuation plan can be funded with life insurance, helping to stabilize and maximize the value of your business by:

  • creating a market for a deceased owner's share of the business
  • establishing the price and terms of the sale
  • providing the cash needed to complete the purchase

Your business continuation plan can establish the value of your business for estate taxes. And prevent ownership of your business from transferring into the wrong hands. You can reassure your creditors that your business remains a good credit risk, and your employees can rest easier knowing that should anything happen, the business will continue.

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Disability Protection

The ability to work and earn an income is the most valuable economic asset an individual possesses. A total disability due to illness or injury could deplete, if not devastate your personal assets. In addition, health costs rise because of the need for physical therapy or special equipment. A disability income insurance policy can help minimize the impact of such a devastating occurrence.

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Business Overhead Expense Protection

Business professionals often overlook the risk that disability poses to the continuation of fixed office overhead expenses. During a business owner’s disability, a loss of income may cause not only personal financial hardship but also strain on the business itself. Fixed business expenses continue to be incurred regardless of incoming cash flow. Adding Business Overhead Expense Protection to your disability income policy can provide coverage for those fixed expenses while you are disabled.

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Employee Benefits

In today’s workplace, benefits are extremely important for employee satisfaction. Cincinnati Life’s payroll deduction life insurance program helps you expand fringe benefit insurance programs and helps employees purchase life insurance.

Several benefits are available that you, as a business owner, may gain by offering payroll-deduction life insurance plans to your employees.  

Benefits of Payroll Deduction

For you…

  • Expands your fringe benefits insurance program available to employees at no additional cost to the you
  • Shows concern for the employees’ welfare, promoting goodwill with your employees
  • Reduces turnover and improves productivity

For your employees…

  • Provides employees and their families with low-cost, portable insurance protection that otherwise may not be available to them
  • Provides protection to employees with average to poor health at inexpensive rates through simplified underwriting
  • Offers convenient premium payment method

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Contact an Agent
Select Find an Agency to contact a professional independent agent in your community to learn more.

Coverage and product availability varies by state. Underwriting requirements apply. This is not a policy. Neither The Cincinnati Life Insurance Company nor its affiliates or representatives offer tax or legal advice. Consult with your tax adviser or attorney regarding your specific situation.

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