If you or a key employee were victim of an accident or illness or had to stop working, what would happen to your company? Are your company finances strong enough to withstand potential loss of income or the expense of finding a replacement?
Maintain your company’s financial stability in the event of critical illness
If you were diagnosed with cancer or another illness that prevented you from carrying out your business activities, critical illness insurance could help you focus entirely on recovery without jeopardizing your company’s financial stability. You’d receive a non-taxable benefit to cover illness-related expenses and additional costs incurred to:
- hire and train a replacement
- avoid using funds set aside for company projects or retirement to cover potential financial losses