MKA Executive Planners Blog

Beckham’s Ankle Didn’t Bend

Posted by Barry Koslow on Wed, Sep, 27, 2017

According to news reports, New York Giants star receiver Odell Beckham, Jr., is thinking about purchasing a $100 million (yup, $100,000,000) policy to protect the value of his earning potential in the event he is injured and cannot earn pay at his current ability level.  The importance of this was brought home when he sprained an ankle at a recent pre-season game.

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Tags: Disability Income Protection, Disability Insurance, Executive Disability

How do you like being in the self-insurance business?

Posted by Barry Koslow on Thu, Jul, 20, 2017

“What?”, you say.  Yes, there are many significant risks out there, and you buy commercial insurance to absorb them.  Autos, homes and other property are insured.  You have liability insurance.  You have medical insurance.  You have dental insurance – and maybe life insurance.  But, actually, you hold all those risks.  You have chosen to “reinsure” them in full or in part with a business that specializes in covering unaffordable risk.  You get to pick the maximum amounts payable and deductibles, absorbing the affordable exposures that you did not cover.

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Tags: Disability Insurance, Disability Income Protection, Executive Disability

In Business, Everyone Is NOT Replaceable… at least not right away

Posted by Ed Perry on Thu, Jul, 13, 2017

We have all heard the saying that in business, everyone can be replaced. This simply isn’t true. As a business owner, think for a second about what would happen to your business if you died, or became unable to work due to illness or accident? What if it was your star performer? Or a member of your leadership team? Think about that void. Think about all the impacts to your business that you may not have considered before.
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Tags: Disability Insurance, Executive Disability, Life Insurance, Long Term Disability, Key Person Insurance

The Executive Disability Protection Fallacy

Posted by Barry Koslow on Thu, Mar, 09, 2017

Executives generally are not aware that they have shortfalls and gaps in their broad based group long term disability coverage.  This applies to both the size of the monthly benefit and the language in the contract that the insurer uses to accept or deny claims.

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Tags: Disability Insurance, Disability Income Protection, Executive Disability, Long Term Disability, Disability Insurance Limitations, Disability Insurance Exclusions